JPMorgan Chase & Co. Boosts Holdings in Kingstone Companies, Inc. (NASDAQ:KINS)

JPMorgan Chase & Co. grew its stake in Kingstone Companies, Inc. (NASDAQ:KINS) by 53,684.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,219 shares of the insurance provider’s stock after buying an additional 10,200 shares during the period. JPMorgan Chase & Co. owned 0.08% of Kingstone Companies worth $94,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Barclays PLC acquired a new stake in shares of Kingstone Companies in the third quarter worth $49,000. State Street Corp increased its stake 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 acquiring an additional 5,600 shares during the period. Dimensional Fund Advisors LP grew its position in 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. Geode Capital Management LLC grew its position in Kingstone Companies by 14.5% during the third quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider’s stock valued at $878,000 after buying an additional 12,134 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Kingstone Companies during the third quarter valued at $170,000. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Kingstone Companies Stock Up 2.3 %

KINS stock opened at $16.99 on Monday. 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 has a market cap of $209.83 million, a PE ratio of 13.07 and a beta of 0.74. Kingstone Companies, Inc. has a one year low of $2.97 and a one year high of $18.08. The firm’s fifty day moving average is $15.60 and its 200 day moving average is $11.54.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 10.60% and a return on equity of 32.55%. During the same period last year, the firm posted ($0.27) earnings per share. On average, research analysts forecast that Kingstone Companies, Inc. will post 1.4 EPS for the current year.

Insider Transactions at Kingstone Companies

In related news, Director Carla D’andre acquired 4,000 shares of Kingstone Companies stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $165,893.54. Following the sale, the director now owns 91,834 shares of the company’s stock, valued at $1,485,874.12. This represents a 10.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.20% of the company’s stock.

Analyst Ratings Changes

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

Kingstone Companies 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.