Kingsway Financial Services Inc. (NYSE:KFS) saw an insider substantially raise his holdings today. The Director and Large Shareholder Joseph Stillwell purchased 576,132 shares at an average price of $4.5 per share. Following this move, Stillwell directly holds a total of -approximately- 3.8 million shares. A $116.25 million market cap corporation, Kingsway Financial Services Inc. (NYSE:KFS) is a holding company that, through its subsidiaries, is engaged in the property and casualty insurance business. The company provides Non-standard automobile insurance to individuals who do not qualify for standard automobile insurance coverage because of their payment history, driving record, place of residence, age, vehicle type or other factors.
Stillwell is not the only insider that has recently changed his stake in the company, as its Vice President Hassan Baqar has risen his exposure by 700 shares over the past month. There are no hedge funds currently involved with the company.