Kingstone Companies, Inc. (NASDAQ:KINS) Director Carla D’andre Acquires 4,000 Shares of Stock

Kingstone Companies, Inc. (NASDAQ:KINS) Director Carla D’andre bought 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of $10.98 per share, with a total value of $43,920.00. Following the purchase, the director now owns 4,000 shares of the company’s stock, valued at approximately $43,920. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Kingstone Companies Price Performance

Shares of NASDAQ:KINS opened at $13.29 on Wednesday. Kingstone Companies, Inc. has a 12 month low of $1.95 and a 12 month high of $13.54. The firm has a market capitalization of $164.12 million, a P/E ratio of 10.22 and a beta of 0.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. The company’s fifty day moving average price is $9.99 and its 200 day moving average price is $7.52.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $40.77 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned ($0.27) EPS. As a group, sell-side analysts predict that Kingstone Companies, Inc. will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Kingstone Companies

A number of large investors have recently bought and sold shares of KINS. Barclays PLC acquired a new stake in shares of Kingstone Companies during the third quarter worth about $49,000. Jane Street Group LLC acquired a new stake in shares of Kingstone Companies in the 3rd quarter worth $170,000. State Street Corp boosted its holdings in shares of Kingstone Companies by 22.7% in the third 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. XTX Topco Ltd acquired a new position in shares of Kingstone Companies during the third quarter worth about $290,000. Finally, Wolverine Trading LLC acquired a new position in Kingstone Companies during the 3rd quarter worth approximately $304,000. Institutional investors and hedge funds own 14.91% of the company’s stock.

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.