Kingstone Companies, Inc. (NASDAQ:KINS) Director Buys 4,000 Shares

Kingstone Companies, Inc. (NASDAQ:KINS) Director Carla D’andre acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $10.98 per share, for a total transaction of $43,920.00. Following the purchase, the director now owns 4,000 shares of the company’s stock, valued at $43,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kingstone Companies Price Performance

NASDAQ KINS opened at $13.90 on Thursday. The company has a market cap of $171.65 million, a PE ratio of 10.69 and a beta of 0.55. Kingstone Companies, Inc. has a 52-week low of $1.95 and a 52-week high of $14.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. The firm’s 50 day moving average price is $10.09 and its 200-day moving average price is $7.57.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $40.77 million for the quarter, compared to the consensus estimate of $41.80 million. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. During the same period last year, the business posted ($0.27) EPS. Sell-side analysts forecast that Kingstone Companies, Inc. will post 1.36 EPS for the current fiscal year.

Institutional Trading of Kingstone Companies

Several hedge funds have recently modified their holdings of KINS. Dimensional Fund Advisors LP grew its position in shares of Kingstone Companies by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock worth $546,000 after buying an additional 7,320 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Kingstone Companies by 5.5% during the second quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider’s stock worth $1,847,000 after purchasing an additional 19,201 shares in the last quarter. Evernest Financial Advisors LLC purchased a new stake in shares of Kingstone Companies during the 3rd quarter valued at $1,184,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Kingstone Companies during the 3rd quarter valued at $1,658,000. Finally, State Street Corp boosted its position in shares of Kingstone Companies by 22.7% in the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock worth $277,000 after purchasing an additional 5,600 shares in the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a report on Wednesday.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.