William L. Yankus Sells 10,253 Shares of Kingstone Companies, Inc. (NASDAQ:KINS) Stock

Kingstone Companies, Inc. (NASDAQ:KINS) Director William L. Yankus sold 10,253 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $16.18, for a total transaction of $165,893.54. Following the completion of the transaction, the director now owns 91,834 shares in the company, valued at approximately $1,485,874.12. This trade represents a 10.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Kingstone Companies Stock Up 4.1 %

KINS stock opened at $16.62 on Tuesday. Kingstone Companies, Inc. has a fifty-two week low of $1.95 and a fifty-two week high of $17.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $205.24 million, a price-to-earnings ratio of 12.78 and a beta of 0.71. The business’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $9.01.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. The business had revenue of $40.77 million for the quarter, compared to the consensus estimate of $41.80 million. During the same period in the prior year, the company posted ($0.27) earnings per share. On average, equities analysts anticipate that Kingstone Companies, Inc. will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Kingstone Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

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

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.