Kingsway Financial Services Inc. (NYSE:KFS), watched as one of its highest level insiders executed a transaction that began last week and was officially filed today, September 2nd, resulting in the rise of their holdings with the company. Director Gary Schaevitz picked up 63,358 shares of common stock at an average price of $4.5 per share. Moreover, following this move, Schaevitz now has a total of 305,916 shares directly invested in Kingsway Financial Services Inc. (NYSE:KFS), a $117.34 million market cap holding company. The Company, through its subsidiaries, is engaged in the property and casualty insurance business and, as well, operates in two segments: Insurance Underwriting and Insurance Services.
As well, Schaevitz is not the only insider altering his position with the company. Vice President Hassan Baqar has altered his holdings by over 200 share over the past two weeks. Finally, as this is a holdings company, there are no major hedge funds involved with it at this time.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.