Kingsway Financial Services (KFS.TO) Buy,…

Home

Daily Stock Opinions and Ratings

Kingsway Financial Services (KFS.TO)

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

2.75

-0.10 (3.51%)

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

4 watching

WEAK BUY

Based on the market they are in, they look a little more stable than some of their competition. Have done a really nice job over the last couple of years. Earnings growth could be a little more challenged over the next year or two.

PAST TOP PICK

(A Top Pick Mar 3/05. Up 3.3%.) Extremely cheap. Extremely cheap at 7 X earnings. Lots of upside over the long-term.

BUY

Insure drivers who have difficulty getting insurance. They charge higher rates. One of their difficulties was that they were the only property/casualty companies until they started getting competition from ING Canada. A well-run company.

DON'T BUY

3 companies, Brookfield Asset Management (BAM.A-T), Home Capital (HCG-T) and Kingsway Financial (KFS-T) have been great calls for the last couple of years and all 3, in the last couple of months, have started to show weaker characteristics. Most of it is probably due to higher interest rates and prospects in the real estate market.

DON'T BUY

Likes management and the company. They have had a “hard insurance” market for the last couple of years. There has been a little more competition coming in.

TOP PICK

Non-standard auto insurance industry. The rap against them was that they had under reserved for losses. In the last few years their reserves have proven to be ample. Making money on the insurance part and with higher interest rates, they are making money on investments. Good price.

BUY

Good disclosure and easy to understand. Prefers this to Fairfax Financial (FFH-T).

BUY

This stock has done very well. There is a positive trend. Financial companies are doing well. It could go to the high twenties.

WATCH

Not a fan of the financials, but this is one that has some upside potential. Fair market value is $41. Running right up against pretty tough resistance at about $24/25. It needs to break out here and if it does, that would be the time to buy.

DON'T BUY

This company has been amazing. They have been in a good part of the property/casualty market. Very well managed. The valuations are relatively high right now. Would look for a pullback of 20% or more before buying.

HOLD

They are in the dodgy end of the automobile insurance industry. A few years ago, they had under reserved and the stock was punished unmercifully and it took them 2 years to get out of the penalty box. They are now achieving a value comparable to their peers on a price to book value basis. Close to fair market value.

HOLD

And excellently run company. The property/casualty companies are fairly volatile. Would prefer another financial institution such as ING (IIC.L.V-T).

PAST TOP PICK

(A Top Pick Sept 12/05. Up 4%.) Looks very cheap. Seem to have got it right for a whole bunch of quarters in a row. Could be $27 stock.

TOP PICK

Expectations for earnings are very low. The market is expecting the same earnings as this year for next year. Stock is trading around 7.8 X next year's earnings, so it's extremely cheap. Thinks they can beat the earnings out there.

TOP PICK

Just announced a buy back of 5% of the shares. A stock that is shareholder friendly. Very cheap at a little more than 7 X earnings. It's in non-traditional auto insurance. Have very little reinsurance risk.

Showing 46 to 60 of 199 entries

Most Recent Experts

Jim Cramer - Mad Money

CNBC

Brian Madden

First Avenue Investment Counsel

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Darren Sissons

Campbell Lee & Ross

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Kingsway Financial Services (KFS.TO)