Kingstone Companies, Inc. (NASDAQ:KINS) Director Purchases $43,920.00 in Stock

Kingstone Companies, Inc. (NASDAQ:KINS) Director Carla D’andre acquired 4,000 shares of the company’s stock in a transaction that occurred on 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 owns 4,000 shares in the company, valued at $43,920. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Kingstone Companies Price Performance

Shares of NASDAQ KINS opened at $13.83 on Friday. Kingstone Companies, Inc. has a twelve month low of $1.95 and a twelve month high of $14.25. The firm has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $7.57. The company has a market capitalization of $170.80 million, a PE ratio of 10.72 and a beta of 0.55. 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 announced its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. The business had revenue of $40.77 million during the quarter, compared to the consensus estimate of $41.80 million. During the same quarter last year, the firm earned ($0.27) earnings per share. On average, sell-side analysts forecast that Kingstone Companies, Inc. will post 1.36 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Wednesday.

Institutional Investors Weigh In On Kingstone Companies

A number of large investors have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in Kingstone Companies in the third quarter worth $49,000. Geode Capital Management LLC grew its holdings in Kingstone Companies by 14.5% in the third quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider’s stock worth $878,000 after purchasing an additional 12,134 shares during the period. XTX Topco Ltd acquired a new stake in Kingstone Companies in the third quarter worth $290,000. Jane Street Group LLC acquired a new stake in Kingstone Companies in the third quarter worth $170,000. Finally, Wolverine Trading LLC acquired a new stake in Kingstone Companies in the third quarter worth $304,000. 14.91% of the stock is currently owned by institutional investors and hedge funds.

Kingstone Companies Company 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.