Kingstone Companies (NASDAQ:KINS) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Kingstone Companies, Inc. (NASDAQ:KINS)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.48 and traded as high as $15.91. Kingstone Companies shares last traded at $15.53, with a volume of 277,966 shares trading hands.

Wall Street Analyst Weigh In

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

Kingstone Companies Price Performance

The business’s 50-day moving average price is $13.41 and its 200 day moving average price is $9.53. The company has a market capitalization of $199.44 million, a P/E ratio of 12.42 and a beta of 0.71. 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 quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $40.77 million during 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 firm earned ($0.27) EPS. Analysts anticipate that Kingstone Companies, Inc. will post 1.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 completion of the sale, the director now owns 91,834 shares of the company’s stock, valued at approximately $1,485,874.12. The trade was a 10.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carla D’andre purchased 4,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $10.98 per share, for a total transaction of $43,920.00. Following the acquisition, the director now owns 4,000 shares in the company, valued at approximately $43,920. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.20% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

A number of large investors have recently made changes to their positions in the business. Evernest Financial Advisors LLC bought a new position in shares of Kingstone Companies during the third quarter valued at approximately $1,184,000. Wolverine Trading LLC purchased a new position in Kingstone Companies during the 3rd quarter valued at $304,000. XTX Topco Ltd bought a new position in Kingstone Companies in the 3rd quarter worth $290,000. Dimensional Fund Advisors LP lifted its position in shares of 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 purchasing an additional 7,320 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of 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 in the last quarter. 14.91% of the stock is currently owned by institutional investors.

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.