Kingsway Financial Services Inc. (NYSE:KFS), watched as one of its highest level insiders executed a transaction that began earlier in the week and was officially filed today, September 4th, resulting in the rise of their holdings with the company. President and Chief Executive Officer Larry G. Swets Jr. picked up 156,250 shares of common stock at an average price of $4.5 per share. Moreover, following this move, Swets now has a total of about 2 million shares directly invested in Kingsway Financial Services Inc. (NYSE:KFS), a $118.61 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, Swets is not the only insider altering his position with the company. Vice President Hassan Baqar has also altered his holdings recently, by over 200 shares during this past month. 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.