5,370 Shares in Kingstone Companies, Inc. (NASDAQ:KINS) Acquired by Barclays PLC

Barclays PLC purchased a new stake in Kingstone Companies, Inc. (NASDAQ:KINS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,370 shares of the insurance provider’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings 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 worth $1,847,000 after acquiring an additional 19,201 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Kingstone Companies in the 3rd quarter valued at $1,658,000. Evernest Financial Advisors LLC purchased a new position in Kingstone Companies in the 3rd quarter worth about $1,184,000. Dimensional Fund Advisors LP raised its holdings in Kingstone Companies by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock worth $546,000 after buying an additional 7,320 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Kingstone Companies by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider’s stock worth $878,000 after buying an additional 12,134 shares during the period. Institutional investors and hedge funds own 14.91% of the company’s stock.

Insider Buying and Selling

In other Kingstone Companies news, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $16.18, for a total value of $165,893.54. Following the transaction, the director now owns 91,834 shares in the company, valued at $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. 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 dated Friday, November 15th. The shares were purchased at an average cost of $10.98 per share, with a total value of $43,920.00. Following the completion of the purchase, the director now directly owns 4,000 shares in the company, valued at approximately $43,920. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Kingstone Companies Price Performance

KINS opened at $15.23 on Friday. The firm has a market capitalization of $188.09 million, a P/E ratio of 11.72 and a beta of 0.74. The stock has a fifty day moving average of $15.38 and a 200-day moving average of $11.06. 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, Inc. has a 12-month low of $2.97 and a 12-month high of $18.08.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. The firm had revenue of $40.77 million during the quarter, compared to the consensus estimate of $41.80 million. During the same period in the prior year, the business earned ($0.27) EPS. Equities analysts forecast that Kingstone Companies, Inc. will post 1.4 EPS for the current fiscal 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.