Jane Street Group LLC Purchases New Position in Kingstone Companies, Inc. (NASDAQ:KINS)

Jane Street Group LLC purchased a new stake in Kingstone Companies, Inc. (NASDAQ:KINS) during the third quarter, according to its most recent filing with the SEC. The firm purchased 18,581 shares of the insurance provider’s stock, valued at approximately $170,000. Jane Street Group LLC owned 0.17% of Kingstone Companies at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wolverine Trading LLC acquired a new stake in shares of Kingstone Companies in the 3rd quarter valued at approximately $304,000. State Street Corp raised its position in shares of Kingstone Companies by 22.7% in the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 5,600 shares during the period. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Kingstone Companies in the 3rd quarter valued at approximately $1,658,000. Evernest Financial Advisors LLC acquired a new stake in shares of Kingstone Companies in the 3rd quarter valued at approximately $1,184,000. Finally, Renaissance Technologies LLC raised its position in shares of 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 during the period. 14.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Kingstone Companies

In other Kingstone Companies news, Director Carla D’andre purchased 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $10.98 per share, with a total value of $43,920.00. Following the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at $43,920. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William L. Yankus sold 10,253 shares of the firm’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 transaction, the director now directly owns 91,834 shares of the company’s stock, valued at $1,485,874.12. This represents a 10.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.20% of the company’s stock.

Kingstone Companies Stock Performance

Shares of KINS stock opened at $13.68 on Tuesday. 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 company has a market capitalization of $168.93 million, a P/E ratio of 10.52 and a beta of 0.74. The company’s 50 day moving average price is $14.63 and its two-hundred day moving average price is $10.42. Kingstone Companies, Inc. has a 52 week low of $2.40 and a 52 week high of $18.08.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm 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 company posted ($0.27) EPS. On average, analysts expect that Kingstone Companies, Inc. will post 1.4 earnings per share for the current fiscal 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.