Kingsway Financial Services (KFS.TO) Buy,…

Kingsway Financial Services (KFS.TO)

2.75

-0.10 (3.51%)

as of Dec 20, 2018, 8:29:49 am Market Open.

4 watching

DON'T BUY

Property/casualty insurance. Have a lot of assets and revenues in the US, which can hurt them. Would be wary of property/casualty companies as their liabilities can come very quickly.

WAIT

Its valuation is such that it looks very inexpensive. Needs are little more profit growth. His “ price momentums techniques” is telling him to wait. Interest-rate sensitive.

BUY

Very Cheap. Aggressive auto insurance, insuring the higher risk drivers. This will occasionally cause bad quarters when lots of accidents happen. Worth having in your portfolio because it's statistically so cheap. Sell at 24 or 25. This is a trading stock.

SELL

Involved with high-risk insurance. Has been having some problems. Recently had a quarter with a negative earnings surprise.

COMMENT

Would prefer ING (IIC-T), which has a better growth profile. Prices on Property & Casualty have been softening a little bit. Feels we are at the tail end of the current cycle.

BUY

In the high-risk side of insurance. A very well run company, but volatile stock. Probably a very good buying opportunity.

BUY

High risk play in the insurance industry. Has opportunity moving forward in both auto and trucking. Shows significant opportunities.

BUY

Company had an enormous credibility problem 2 or 3 years ago, because they had under-reserved for accident claims. Was clean for a couple of years, but took substantial losses in the last quarter, which killed their earnings. Doesn't expect it to pop back before the fall. If you are a patient investor, this is not a bad entry point.

BUY

Specialized insurance. Just acquired Mendota Insurance in the US. Believes that more than half of their business is done in the US. The stock has been fluctuating between $23 and $25. Excellent management. The market seems favourable to Property & Casualty insurers.

DON'T BUY

Has had a gentle downtrend since October and has formed a bit of a channel. The last little while, it seems to be trying to form a higher low. Has held the 200 day moving average quite well.

WATCH

Likes the company, management and the financing of the business. There’s a lot more credibility in management. Will be interested in seeing the ING results tomorrow and what is going on in the P&C business.

BUY

Made new highs in October. 1st step is for it to go back to the $27 level on good volume. Not too much downside. Profit takers have been active in the last couple of weeks. Don't let it drop below $25.

BUY

Has a very good long-term chart. Can see a few more dollars on the upside before strong resistance comes in.

HOLD

Feels the hard pricing on casualty insurance is coming down and competition will get tougher. Still likes this one. Good valuation. Near the end of a cyclical run in pricing, so upside gains are going to be less. If you have some gains, which consider lightening up a little.

DON'T BUY

An excellent company in a tough business. Sub standard underwriting business with high margins. Prefers life insurance over property and casualty. Too volatile.

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Kingsway Financial Services (KFS.TO)