Insider Selling: Kingstone Companies, Inc. (NASDAQ:KINS) Director Sells 10,253 Shares of Stock

Kingstone Companies, Inc. (NASDAQ:KINS) 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 owns 91,834 shares in the company, valued at approximately $1,485,874.12. This trade represents a 10.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kingstone Companies Price Performance

Shares of NASDAQ KINS opened at $15.25 on Thursday. The company has a market capitalization of $188.32 million, a PE ratio of 11.73 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, Inc. has a twelve month low of $1.95 and a twelve month high of $17.77. The firm has a fifty day simple moving average of $12.65 and a 200 day simple moving average of $9.09.

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. The firm had revenue of $40.77 million during the quarter, compared to analyst estimates of $41.80 million. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. During the same period last year, the company posted ($0.27) EPS. On average, sell-side analysts forecast that Kingstone Companies, Inc. will post 1.4 EPS for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Kingstone Companies

A number of hedge funds have recently added to or reduced their stakes in KINS. Barclays PLC bought a new position in shares of Kingstone Companies during the 3rd quarter worth approximately $49,000. State Street Corp boosted its stake in Kingstone Companies by 22.7% during the third quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 5,600 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Kingstone Companies by 7.2% in the second 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. Geode Capital Management LLC increased its stake 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 valued at $878,000 after purchasing an additional 12,134 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Kingstone Companies during the third quarter valued at about $170,000. 14.91% of the stock is currently owned by institutional investors.

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.