Barclays PLC Invests $49,000 in Kingstone Companies, Inc. (NASDAQ:KINS)

Barclays PLC acquired a new stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,370 shares of the insurance provider’s stock, valued at approximately $49,000.

Other institutional investors have also made changes to their positions in the company. Philadelphia Financial Management of San Francisco LLC acquired a new position in Kingstone Companies during the third quarter valued at approximately $1,658,000. Evernest Financial Advisors LLC acquired a new position in Kingstone Companies in the 3rd quarter valued at $1,184,000. Wolverine Trading LLC bought a new position in shares of Kingstone Companies in the third quarter worth about $304,000. XTX Topco Ltd bought a new position in Kingstone Companies in the 3rd quarter worth approximately $290,000. Finally, Renaissance Technologies LLC raised its stake in Kingstone Companies by 5.5% during the 2nd 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 institutional investors.

Insider Activity

In other news, Director Carla D’andre bought 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at $43,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William L. Yankus sold 10,253 shares of the firm’s 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 in the company, valued at approximately $1,485,874.12. This represents a 10.04 % decrease in their position. The disclosure for this sale can be found here. 12.20% of the stock is currently owned by corporate insiders.

Kingstone Companies Stock Performance

Shares of NASDAQ:KINS opened at $15.23 on Friday. The stock has a market capitalization of $188.09 million, a price-to-earnings ratio of 11.72 and a beta of 0.74. The business’s fifty day moving average price is $15.38 and its two-hundred day moving average price is $11.06. Kingstone Companies, Inc. has a fifty-two week low of $2.97 and a fifty-two week high of $18.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43.

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

Analysts Set New Price Targets

Separately, StockNews.com cut Kingstone Companies from a “buy” rating to a “hold” rating in a 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.