State Street Corp Acquires 5,600 Shares of Kingstone Companies, Inc. (NASDAQ:KINS)

State Street Corp raised its holdings in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 22.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,229 shares of the insurance provider’s stock after purchasing an additional 5,600 shares during the period. State Street Corp owned 0.27% of Kingstone Companies worth $277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Kingstone Companies by 7.2% during 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 boosted its holdings in Kingstone Companies by 5.5% in the second 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 purchased a new position in Kingstone Companies during the 3rd quarter valued at $1,184,000. Finally, Philadelphia Financial Management of San Francisco LLC bought a new position in Kingstone Companies in the 3rd quarter worth $1,658,000. Institutional investors own 14.91% of the company’s stock.

Kingstone Companies Stock Up 3.1 %

KINS stock opened at $15.50 on Friday. Kingstone Companies, Inc. has a fifty-two week low of $2.16 and a fifty-two week high of $18.08. The company has a market capitalization of $191.41 million, a price-to-earnings ratio of 11.92 and a beta of 0.71. The business’s 50 day moving average price is $14.19 and its two-hundred day moving average price is $10.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $40.77 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned ($0.27) earnings per share. As a group, analysts forecast that Kingstone Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th.

Insider Transactions at Kingstone Companies

In other news, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $16.18, for a total value of $165,893.54. Following the sale, the director now directly owns 91,834 shares of the company’s stock, valued at $1,485,874.12. The trade was a 10.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carla D’andre purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the purchase, the director now directly owns 4,000 shares in the company, valued at $43,920. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.20% of the company’s stock.

Kingstone Companies Company Profile

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.