Kingstone Companies (NASDAQ:KINS) Shares Pass Above 200-Day Moving Average – Time to Sell?

Kingstone Companies, Inc. (NASDAQ:KINS)’s share price passed 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.

Analysts Set New Price Targets

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

Kingstone Companies Price Performance

The firm has a market cap of $191.78 million, a P/E ratio of 11.95 and a beta of 0.71. The stock’s 50-day moving average is $13.30 and its 200-day moving average is $9.48. 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 posted its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $41.80 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. As a group, equities analysts anticipate that Kingstone Companies, Inc. will post 1.4 EPS for the current fiscal year.

Insider Buying and Selling at Kingstone Companies

In other Kingstone Companies news, Director Carla D’andre bought 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $10.98 per share, for a total transaction of $43,920.00. Following the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William L. Yankus sold 10,253 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $16.18, for a total transaction of $165,893.54. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 12.20% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of Kingstone Companies by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider’s stock worth $1,847,000 after buying an additional 19,201 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new position in Kingstone Companies during the third quarter worth $1,658,000. Evernest Financial Advisors LLC acquired a new position in Kingstone Companies during the third quarter worth $1,184,000. Dimensional Fund Advisors LP lifted its holdings in shares of Kingstone Companies by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock valued at $546,000 after acquiring an additional 7,320 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Kingstone Companies by 14.5% in the 3rd 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. 14.91% of the stock is owned by institutional investors and hedge funds.

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.