Insider Trading February 2, 2026

Kingsway Financial CFO Adds 114 Shares Through Employee Purchase Plan

Small insider buy raises Hansen's direct stake amid high valuation and recent revenue gains

By Caleb Monroe KFS
Kingsway Financial CFO Adds 114 Shares Through Employee Purchase Plan
KFS

Kent A. Hansen, chief financial officer and executive vice president of Kingsway Financial Services Inc., purchased 114 shares at $13.69 apiece on February 2, 2026, using the company’s employee share purchase plan. The $1,560 transaction modestly increased Hansen’s direct holdings to 119,707 shares. The move comes as Kingsway reports strong revenue growth but shows a lofty Price/Book multiple and remains unprofitable over the past twelve months.

Key Points

  • CFO Kent A. Hansen purchased 114 common shares on February 2, 2026, at $13.69 per share for a total of $1,560 via the Kingsway America Inc. Employee Share Purchase Plan.
  • Following the purchase Hansen directly owns 119,707 shares, which includes 7,102 restricted shares granted March 26, 2024, and 13,818 restricted shares granted December 4, 2024.
  • Kingsway reported a 37% increase in revenue for Q3 2025 to $37.2 million, but the company is trading at a Price/Book of 23.3 with a market capitalization of $395.5 million and is unprofitable over the last twelve months; earnings are scheduled for March 6.

Kent A. Hansen, who serves as chief financial officer and executive vice president at Kingsway Financial Services Inc., acquired 114 common shares on February 2, 2026, paying $13.69 per share for a total outlay of $1,560.

The purchase occurred through the Kingsway America Inc. Employee Share Purchase Plan. Under the terms of the plan, eligible employees may elect to contribute up to 5% of their adjusted salary each payroll period. The company matches 100% of employee contributions for those who have been employed for at least 12 months. The plan administrator executes purchases on the open market.

After this transaction, Hansen directly holds 119,707 shares in Kingsway Financial. That total includes restricted stock awards: 7,102 restricted shares granted on March 26, 2024, and 13,818 restricted shares granted on December 4, 2024.


On valuation and recent results, Kingsway Financial carries a market capitalization of $395.5 million and is trading at a Price/Book ratio of 23.3. InvestingPro analysis indicates the stock is overvalued relative to its Fair Value. The company has not been profitable over the last twelve months. An upcoming earnings release is scheduled for March 6.

The InvestingPro Research Report for KFS offers further analysis, including four additional ProTips and other insights available through that service.


Separately, Kingsway Financial Services reported robust top-line growth in the third quarter of 2025, with revenue rising 37% to $37.2 million. The company attributed that increase to a combination of acquisitions and organic growth. Analysts cited the firm’s market strategy as a driver of its performance, a point emphasized during the company’s recent earnings call.

Despite the third-quarter revenue gain and the strategic messaging from management, Kingsway’s stock slipped slightly in aftermarket trading. The share price closed at $14.63, a decline of 0.21% from the previous session.


This filing and the accompanying company commentary outline a picture of modest insider buying activity by a senior finance executive alongside continued revenue momentum and valuation questions. The transaction via the employee share purchase plan represents routine participation in company equity programs rather than a large-scale insider acquisition.

Risks

  • Valuation risk - InvestingPro analysis suggests the stock is overvalued compared to its Fair Value, which affects investor expectations in the financials and broader markets sector.
  • Profitability uncertainty - The company has not been profitable over the last twelve months, posing earnings and cash-flow risk relevant to creditors and equity investors.
  • Market reaction - Despite strong revenue growth, the stock experienced a small aftermarket decline, indicating potential sensitivity to earnings commentary or valuation concerns within the financial services sector.

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