State Street Corp Boosts Stake in Kingstone Companies, Inc. (NASDAQ:KINS)

State Street Corp increased its holdings in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 22.7% during the third quarter, HoldingsChannel reports. The firm owned 30,229 shares of the insurance provider’s stock after buying an additional 5,600 shares during the period. State Street Corp’s holdings in Kingstone Companies were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Kingstone Companies by 7.2% in 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 last quarter. Evernest Financial Advisors LLC bought a new stake in shares of Kingstone Companies in the third quarter worth approximately $1,184,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Kingstone Companies in the third quarter worth approximately $1,658,000. Finally, Renaissance Technologies LLC raised 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 during the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kingstone Companies

In related news, Director William L. Yankus sold 10,253 shares of Kingstone Companies stock in a transaction 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 in the company, valued at approximately $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carla D’andre purchased 4,000 shares of Kingstone Companies stock in a transaction on Friday, November 15th. The stock was bought at an average price of $10.98 per share, with a total value of $43,920.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, 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 owned by corporate insiders.

Kingstone Companies Stock Up 3.1 %

Kingstone Companies stock opened at $15.50 on Friday. Kingstone Companies, Inc. has a one year low of $2.16 and a one year high of $18.08. The stock has a fifty day moving average of $14.19 and a 200 day moving average of $10.01. 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 stock has a market cap of $191.41 million, a PE ratio of 11.92 and a beta of 0.71.

Kingstone Companies (NASDAQ:KINS) last released its quarterly 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 net margin of 10.60% and a return on equity of 32.55%. The firm 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 firm earned ($0.27) EPS. As a group, sell-side analysts predict that Kingstone Companies, Inc. will post 1.4 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.