Bullish indicating open at $55-$60, IPO prices at $37
In a recent Form 4 filing with the Securities and Exchange Commission, Kingsway Financial Services Inc . (NYSE:KFS) disclosed that its President and CEO, John Taylor Maloney Fitzgerald, acquired 287 shares of the company’s common stock. The shares were purchased on April 30, 2025, at a price of $8.71 each, totaling $2,499. According to InvestingPro data, the stock currently trades at $8.47, with a market capitalization of $235.3 million. The company’s overall Financial Health Score is rated as FAIR, with investors anticipating the upcoming earnings release on May 6.
The acquisition was made under the Kingsway America Inc. Employee Share Purchase Plan. This plan allows eligible employees to contribute up to 5% of their adjusted salary, with the company matching 100% of the employee’s contribution for those employed for at least 12 months. The shares are then purchased on the open market by the plan’s administrator. InvestingPro analysis reveals the stock has shown strong returns over the past five years, though it currently trades at a notably high Price/Book multiple. Subscribers can access 12+ additional exclusive insights about KFS through the comprehensive Pro Research Report.
Following this transaction, Fitzgerald holds a total of 1,529,074 shares directly. Additionally, he has indirect ownership of 20,000 shares each in three separate trusts: Trust-GEF, Trust-LTF, and Trust-MPF.
In other recent news, Kingsway Financial Services Inc. reported a 6% year-over-year increase in consolidated revenue for 2024, reaching $109.4 million. The company also achieved a 17% rise in consolidated adjusted EBITDA, amounting to $10.6 million. Kingsway’s strategic acquisitions, including Buds Plumbing and Image Solutions, contributed to this growth. The KSX segment saw a significant 16% increase in revenue, while the extended warranty segment experienced a modest 1% growth. Kingsway has expanded its KSX platform to include seven operating subsidiaries. Analyst feedback from the earnings call highlighted the company’s focus on two to three acquisitions annually, aiming for organic growth in existing businesses. The company remains optimistic about its performance in 2025, particularly in B2B services, healthcare, software, and skilled trades.
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