Barclays PLC Purchases Shares of 5,370 Kingstone Companies, Inc. (NASDAQ:KINS)

Barclays PLC bought a new stake in Kingstone Companies, Inc. (NASDAQ:KINS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,370 shares of the insurance provider’s stock, valued at approximately $49,000.

A number of other large investors also recently modified their holdings of KINS. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Kingstone Companies during the third quarter valued at approximately $1,658,000. Evernest Financial Advisors LLC bought a new stake in Kingstone Companies in the third quarter worth $1,184,000. Wolverine Trading LLC purchased a new stake in Kingstone Companies during the 3rd quarter valued at about $304,000. XTX Topco Ltd purchased a new position in Kingstone Companies in the 3rd quarter worth approximately $290,000. Finally, Renaissance Technologies LLC lifted its holdings 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 valued at $1,847,000 after purchasing an additional 19,201 shares in the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director William L. Yankus sold 10,253 shares of the stock in a transaction dated Friday, December 13th. The shares were 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 owns 91,834 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carla D’andre purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the acquisition, the director now directly owns 4,000 shares in the company, valued at $43,920. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 12.20% of the stock is currently owned by corporate insiders.

Kingstone Companies Stock Down 0.6 %

KINS stock opened at $14.68 on Friday. The business’s 50-day moving average price is $14.48 and its 200-day moving average price is $10.25. The stock has a market cap of $181.30 million, a P/E ratio of 11.29 and a beta of 0.71. Kingstone Companies, Inc. has a twelve month low of $2.21 and a twelve month high of $18.08. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29.

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

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.