Evernest Financial Advisors LLC Buys 55,190 Shares of Kingstone Companies, Inc $KINS

Evernest Financial Advisors LLC boosted its stake in Kingstone Companies, Inc (NASDAQ:KINS) by 35.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,690 shares of the insurance provider’s stock after purchasing an additional 55,190 shares during the period. Kingstone Companies comprises 0.9% of Evernest Financial Advisors LLC’s investment portfolio, making the stock its 26th largest position. Evernest Financial Advisors LLC’s holdings in Kingstone Companies were worth $3,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Cincinnati Insurance Co. bought a new stake in Kingstone Companies during the 3rd quarter valued at $1,237,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Kingstone Companies in the second quarter valued at about $801,000. Squarepoint Ops LLC raised its stake in shares of Kingstone Companies by 201.9% during the second quarter. Squarepoint Ops LLC now owns 101,757 shares of the insurance provider’s stock valued at $1,568,000 after acquiring an additional 68,055 shares during the last quarter. Panagora Asset Management Inc. bought a new position in shares of Kingstone Companies during the second quarter valued at about $1,476,000. Finally, American Century Companies Inc. boosted its holdings in shares of Kingstone Companies by 36.3% during the second quarter. American Century Companies Inc. now owns 220,470 shares of the insurance provider’s stock worth $3,397,000 after purchasing an additional 58,661 shares during the period. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Kingstone Companies Price Performance

Shares of KINS opened at $16.36 on Wednesday. The company has a 50-day simple moving average of $16.19 and a two-hundred day simple moving average of $15.18. The firm has a market capitalization of $231.49 million, a PE ratio of 7.47 and a beta of 0.42. Kingstone Companies, Inc has a one year low of $13.08 and a one year high of $22.40.

Kingstone Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 11th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. Kingstone Companies’s payout ratio is currently 9.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KINS shares. Weiss Ratings restated a “buy (b-)” rating on shares of Kingstone Companies in a report on Monday, December 29th. Zacks Research upgraded Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Finally, Wall Street Zen raised Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Kingstone Companies Company Profile

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.