Main Street Research Boosted Abbvie (ABBV) Holding; Kingsway Financial Services Has 3.5 Sentiment

March 14, 2018 - By Linda Rogers

Kingsway Financial Services Inc., through its subsidiaries, provides property and casualty insurance products in the United States. The company has market cap of $96.50 million. The firm operates through three divisions: Insurance Underwriting, Insurance Services, and Leased Real Estate. It currently has negative earnings. The Insurance Underwriting segment offers various automobile insurance products, including liability insurance that covers claims against its insuredÂ’s responsible for automobile accidents; accident benefit policies or personal injury protection policies that provide coverage for loss of income, medical, and rehabilitation expenses for insured persons who are injured in an automobile accident; and physical damage policies, which cover damages to an insured automobile arising from a collision with another object, as well as from other risks, such as fire or theft.

Main Street Research Llc increased Abbvie Inc (ABBV) stake by 217.65% reported in 2017Q3 SEC filing. Main Street Research Llc acquired 97,386 shares as Abbvie Inc (ABBV)’s stock rose 6.17%. The Main Street Research Llc holds 142,131 shares with $12.63M value, up from 44,745 last quarter. Abbvie Inc now has $190.16 billion valuation. The stock increased 1.23% or $1.45 during the last trading session, reaching $119.75. About 5.40M shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since March 14, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Since September 28, 2017, it had 0 insider purchases, and 13 sales for $49.94 million activity. $2.15M worth of AbbVie Inc. (NYSE:ABBV) was sold by RICHMOND TIMOTHY J.. Michael Robert A. sold 6,699 shares worth $589,512. Schumacher Laura J also sold $2.95M worth of AbbVie Inc. (NYSE:ABBV) shares. 70,928 shares were sold by CHASE WILLIAM J, worth $8.31 million on Wednesday, February 28. On Wednesday, February 28 ALBAN CARLOS sold $9.57M worth of AbbVie Inc. (NYSE:ABBV) or 83,574 shares. $976,084 worth of AbbVie Inc. (NYSE:ABBV) was sold by GONZALEZ RICHARD A. SALEKI-GERHARDT AZITA also sold $157,458 worth of AbbVie Inc. (NYSE:ABBV) on Wednesday, February 28.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Abbvie Inc had 79 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, September 15 by Jefferies. Goldman Sachs downgraded the shares of ABBV in report on Monday, March 7 to “Buy” rating. On Monday, January 29 the stock rating was downgraded by Leerink Swann to “Hold”. The firm earned “Buy” rating on Friday, February 2 by Argus Research. The stock has “Buy” rating by Cowen & Co on Friday, January 26. Citigroup upgraded AbbVie Inc. (NYSE:ABBV) on Monday, September 28 to “” rating. As per Wednesday, April 6, the company rating was initiated by Societe Generale. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, December 1. The rating was maintained by Jefferies with “Buy” on Friday, July 14. Jefferies maintained the stock with “Buy” rating in Monday, May 29 report.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.05, from 0.85 in 2017Q2. It dropped, as 55 investors sold ABBV shares while 640 reduced holdings. 132 funds opened positions while 462 raised stakes. 1.06 billion shares or 1.89% more from 1.04 billion shares in 2017Q2 were reported. Bluemountain Mgmt Llc, a New York-based fund reported 39,554 shares. Stanley holds 22,781 shares or 0.54% of its portfolio. Cmt Asset Management invested 0.03% of its portfolio in AbbVie Inc. (NYSE:ABBV). Shelton has 0.88% invested in AbbVie Inc. (NYSE:ABBV) for 127,799 shares. Amer Fincl Bank, a Texas-based fund reported 8,583 shares. Fairview Cap Inv Limited holds 3,561 shares. Federated Invsts Pa invested in 2.71% or 10.64M shares. Northwestern Mutual Wealth Mngmt has invested 0.07% in AbbVie Inc. (NYSE:ABBV). Vident Advisory Ltd Com, Georgia-based fund reported 13,694 shares. Pennsylvania Tru invested in 261,041 shares or 1.12% of the stock. Cypress Asset Mgmt Tx holds 20,583 shares or 0.39% of its portfolio. Moreover, Toronto Dominion Commercial Bank has 0.19% invested in AbbVie Inc. (NYSE:ABBV). Investec Asset Mgmt stated it has 192,732 shares. Hilton Cap Mngmt Ltd Liability holds 0.07% in AbbVie Inc. (NYSE:ABBV) or 4,660 shares. Founders Cap Management Ltd Liability invested in 34,437 shares or 1.44% of the stock.

Since January 1, 0001, it had 25 insider buys, and 1 insider sale for $146,221 activity.

The stock decreased 2.20% or $0.1 during the last trading session, reaching $4.45. About 8,928 shares traded. Kingsway Financial Services Inc. (KFS) has risen 35.78% since March 14, 2017 and is uptrending. It has outperformed by 19.08% the S&P500.

Gluskin Sheff & Assoc Inc holds 0.13% of its portfolio in Kingsway Financial Services Inc. for 200,000 shares. Zeke Capital Advisors Llc owns 38,500 shares or 0.03% of their US portfolio. Moreover, Bradley Foster & Sargent Inc Ct has 0.02% invested in the company for 65,038 shares. The Illinois-based Css Llc Il has invested 0.01% in the stock. Bank Of Montreal Can, a Ontario – Canada-based fund reported 250 shares.

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