Barclays PLC Takes Position in Kingstone Companies, Inc. (NASDAQ:KINS)

Barclays PLC purchased a new stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS) in the 3rd quarter, HoldingsChannel reports. The fund purchased 5,370 shares of the insurance provider’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds have also bought and sold shares of KINS. Dimensional Fund Advisors LP lifted its position in Kingstone Companies by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock worth $546,000 after acquiring an additional 7,320 shares during the period. Renaissance Technologies LLC grew its stake in Kingstone Companies by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider’s stock valued at $1,847,000 after acquiring an additional 19,201 shares during the period. Evernest Financial Advisors LLC acquired a new position in shares of Kingstone Companies during the 3rd quarter worth about $1,184,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Kingstone Companies in the 3rd quarter valued at $1,658,000. Finally, State Street Corp grew its stake in Kingstone Companies by 22.7% during the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 5,600 shares in the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Activity

In other Kingstone Companies news, Director William L. Yankus sold 10,253 shares of the company’s stock in a transaction on 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 $1,485,874.12. This represents a 10.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carla D’andre acquired 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were 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 of the company’s stock, valued at approximately $43,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.20% of the company’s stock.

Kingstone Companies Price Performance

Kingstone Companies stock opened at $14.68 on Friday. The company’s 50 day moving average is $14.48 and its two-hundred day moving average is $10.25. The firm has a market cap of $181.30 million, a PE ratio of 11.29 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 52-week low of $2.21 and a 52-week high of $18.08.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. The firm had revenue of $40.77 million for the quarter, compared to analysts’ expectations of $41.80 million. During the same quarter last year, the company earned ($0.27) earnings per share. On average, research analysts expect that Kingstone Companies, Inc. will post 1.4 EPS for the current fiscal year.

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.