Kingsway Financial Services Inc (NYSE:KFS) Director Purchases $75,219.52 in Stock

Kingsway Financial Services Inc (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell purchased 25,412 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average cost of $2.96 per share, for a total transaction of $75,219.52. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Joseph Stilwell also recently made the following trade(s):

  • On Monday, September 14th, Joseph Stilwell purchased 36,307 shares of Kingsway Financial Services stock. The shares were purchased at an average cost of $2.96 per share, for a total transaction of $107,468.72.
  • On Tuesday, September 8th, Joseph Stilwell purchased 25,000 shares of Kingsway Financial Services stock. The shares were purchased at an average cost of $2.95 per share, for a total transaction of $73,750.00.
  • On Thursday, September 3rd, Joseph Stilwell purchased 25,000 shares of Kingsway Financial Services stock. The shares were purchased at an
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Stifel Financial Corp Has $4.59 Million Stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG)

Stifel Financial Corp lifted its stake in iShares U.S. Financial Services ETF (NYSEARCA:IYG) by 117.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,465 shares of the company’s stock after buying an additional 20,755 shares during the period. Stifel Financial Corp owned approximately 0.27% of iShares U.S. Financial Services ETF worth $4,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of IYG. Advisor Group Holdings Inc. lifted its position in iShares U.S. Financial Services ETF by 285.6% during the second quarter. Advisor Group Holdings Inc. now owns 263,194 shares of the company’s stock worth $31,429,000 after purchasing an additional 194,931 shares during the period. Summit X LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the

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Reserve Bank of the Philippines to Continue Working on its Central Bank Digital Currency which Might Streamline Financial Services

Benjamin Diokno, the Governor of the Reserve Bank of the Philippines, recently noted that the underlying technology behind digital tokens may streamline or enhance existing financial services. The nation’s central bank is looking into the feasibility of issuing its own virtual currency.

Diokno believes that digital tokens can help reduce the costs associated with providing certain financial services. They might also help the country’s reserve bank with reducing the use of fiat money, the governor stated.

As reported by Bloomberg Quint, the reserve bank in the Philippines is looking into the potential benefits that central bank digital currencies might offer. The bank has reportedly held “comprehensive discussions” on the regulatory requirements for issuing a state-backed virtual currency.

EU member states have also held discussions about issuing digital currencies. However, China appears to have taken the lead when it comes to developing a CBDC and also with promoting the adoption

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Axos Financial, Inc. Announces Issuance of Subordinated Notes Offering

$175 million Offering Provides Additional Capital for Axos Financial and Axos Bank

Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”), parent of Axos Bank (the “Bank”), announced today the pricing of a public offering of $175 million in aggregate principal amount of the Company’s 4.875% Fixed-to-Floating Rate Subordinated Notes due October 1, 2030 (the “Notes”). The Notes will bear interest at the rate of 4.875% per year, payable semiannually in arrears on April 1 and October 1 of each year, beginning on April 1, 2021. From and including October 1, 2025 to, but excluding, October 1, 2030, or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR, plus a spread of 476 basis points, payable quarterly in arrears. The offering is expected to fund on September 18, 2020, subject to the satisfaction

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Technology Platform Provider Benefitfocus Announces PayActiv As New Financial Wellness Partner

Benefitfocus, Inc. (NASDAQ: BNFT), a technology platform provider enabling rapid innovation for employers, health plans and consumers, recently announced it has named employment-based holistic financial wellness services PayActiv as its new financial wellness partner.

Founded in 2000, Benefitfocus claims it unifies the entire U.S. benefits industry on a single technology platform to protect consumers’​ health, wealth, and lifestyle.

“Our powerful cloud-based software, data-driven insights and thoughtfully-designed services, enable employers, insurance brokers and carriers to simplify the complexity of benefits administration and deliver a world-class benefits experience.”

Speaking about the partnership, Annmarie Fini, Executive Vice President of Customer Success Organization at Benefitfocus, stated:

“Benefitfocus connects people to the benefits solutions that improve their lives. PayActiv is a great solution that builds hourly workers’ confidence and financial security without loans. Employers can help their workers overcome stressful moments in their lives and build a stable economic foundation for the future.”

The

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The Healthcare Financial Management Association Releases Best Practices for the Fair Resolution of Patients’ Medical Bills

The MarketWatch News Department was not involved in the creation of this content.

Washington, D.C., Sep 17, 2020 (GLOBE NEWSWIRE via COMTEX) —
Washington, D.C., Sept. 17, 2020 (GLOBE NEWSWIRE) — The Healthcare Financial Management Association (HFMA) today published voluntary best practices for the fair resolution of patients’ medical bills. The best practices are designed for use by healthcare providers, providers’ business affiliates and credit bureaus. Jointly published with the Association for Credit and Collection Professionals (ACA International), the 28-page report updates and extends guidance that was originally published by HFMA in 2014. The report emphasizes the importance of educating patients and ensuring that they understand the account resolution process.

“Education and engagement are important throughout a patient’s financial experience,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “Transparency is important not only for price information but also with regard to financial assistance policies, identifying sources of coverage,

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Jefferies Financial Group (NYSE:JEF) Raised to “Outperform” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Jefferies Financial Group (NYSE:JEF) from a market perform rating to an outperform rating in a research note released on Wednesday morning, Benzinga reports. They currently have $21.00 price objective on the financial services provider’s stock, up from their previous price objective of $17.00.

A number of other equities analysts have also recently commented on the company. TheStreet raised Jefferies Financial Group from a d+ rating to a c- rating in a report on Friday, July 31st. Zacks Investment Research lowered Jefferies Financial Group from a buy rating to a hold rating in a research report on Tuesday, September 15th. ValuEngine lowered Jefferies Financial Group from a hold rating to a sell rating in a research report on Tuesday, September 15th. Finally, Oppenheimer upped their target price on Jefferies Financial Group from $25.00 to $26.00 and gave the company an outperform rating in a

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71,988 Shares in Voya Financial Inc (NYSE:VOYA) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC acquired a new position in shares of Voya Financial Inc (NYSE:VOYA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 71,988 shares of the asset manager’s stock, valued at approximately $3,358,000.

A number of other hedge funds also recently added to or reduced their stakes in VOYA. Public Employees Retirement Association of Colorado increased its position in Voya Financial by 22.7% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 18,251 shares of the asset manager’s stock worth $740,000 after purchasing an additional 3,379 shares in the last quarter. Comerica Bank increased its position in Voya Financial by 17.5% during the 1st quarter. Comerica Bank now owns 8,033 shares of the asset manager’s stock worth $336,000 after purchasing an additional 1,198 shares in the last quarter. Rhumbline Advisers increased its position in

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Pandemic hits financial services firms unequally

There were other factors. Profitability for insurers depends primarily on the number of claims for current policies and on the value of the assets that back up insurance liabilities — and stock markets rose in the quarter. Strong equities also benefited investment-­management firms, and brokerages experienced increased corporate debt issuance as companies raised money to survive the pandemic.

IE’s survey covers the results for all publicly traded financial services firms for fiscal quarters ending between May 31 and July 31. That’s the second quarter for most companies, but the third quarter for the banks.

Of the 41 companies in IE’s survey, Brookfield Asset Management Inc. (BAM) has the most direct exposure to the pandemic’s economic impact. The firm operates in a variety of sectors, including infrastructure, real estate and power generation. About 75% of its businesses are backed by contractual cash flows, but the remaining 25% — which

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Blockchain technology, financial and self-sovereign digital identities

Imagine if it were possible for your identity to be available at any time, where third parties could only access it with your consent. The discourse that everyone has the right to own their digital identity has been gaining momentum around the world. And the path to this is the development of “decentralized digital identity” solutions.

What is a self-sovereign identity?

Here, it is important to clarify that according to the concept of self-sovereign digital identity, owners (holders) of the digital identity are responsible for the control and management of their data. And that not only includes basic personal data but also information about your relationships with other people, companies and even things.

It is users who control their data, which is in line with the objective of data protection laws such as General Data Protection Regulation, or GDPR, and the General Law for the Protection of Personal Data in

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