Ritholtz Wealth Management Boosts Stock Position in Kingstone Companies, Inc. (NASDAQ:KINS)

Ritholtz Wealth Management grew its holdings in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 138.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,663 shares of the insurance provider’s stock after buying an additional 23,040 shares during the quarter. Ritholtz Wealth Management owned 0.32% of Kingstone Companies worth $602,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC bought a new position in Kingstone Companies during the 3rd quarter valued at $49,000. JPMorgan Chase & Co. raised its stake in shares of Kingstone Companies by 53,684.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 10,200 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Kingstone Companies during the third quarter worth about $170,000. State Street Corp grew its stake in 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 in the last quarter. Finally, XTX Topco Ltd bought a new stake in Kingstone Companies in the third quarter valued at about $290,000. Institutional investors and hedge funds own 14.91% of the company’s stock.

Insider Buying and Selling at Kingstone Companies

In other Kingstone Companies news, Director Carla D’andre purchased 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $10.98 per share, with a total value of $43,920.00. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at approximately $43,920. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William L. Yankus sold 10,253 shares of the 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 completion of the transaction, the director now directly owns 91,834 shares of the company’s stock, valued at $1,485,874.12. This trade represents a 10.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Kingstone Companies Trading Up 0.3 %

NASDAQ KINS opened at $15.37 on Tuesday. The firm has a market capitalization of $189.82 million, a PE ratio of 11.82 and a beta of 0.74. Kingstone Companies, Inc. has a one year low of $2.40 and a one year high of $18.08. The company has a 50-day simple moving average of $15.05 and a 200-day simple moving average of $10.84. 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 posted its 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 return on equity of 32.55% and a net margin of 10.60%. The company had revenue of $40.77 million during the quarter, compared to analyst estimates of $41.80 million. During the same period in the prior year, the company earned ($0.27) earnings per share. On average, equities analysts forecast that Kingstone Companies, Inc. will post 1.4 earnings per share for the current year.

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.