Kingstone Companies Inc (NASDAQ:KINS) insider Barry Goldstein bought 4,000 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were bought at an average cost of $15.28 per share, with a total value of $61,120.00. Following the completion of the purchase, the insider now directly owns 632,530 shares in the company, valued at $9,665,058.40. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kingstone Companies stock traded up $0.15 on Thursday, reaching $16.50. The company had a trading volume of 11,502 shares, compared to its average volume of 44,525. Kingstone Companies Inc has a 1 year low of $13.20 and a 1 year high of $21.70. The firm has a market cap of $168.81, a PE ratio of 17.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.82 and a quick ratio of 0.82.

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Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Wednesday, March 14th. The insurance provider reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.16). The business had revenue of $25.78 million for the quarter, compared to analyst estimates of $26.80 million. Kingstone Companies had a return on equity of 10.83% and a net margin of 10.77%. equities research analysts anticipate that Kingstone Companies Inc will post 1.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.10 per share. This is a boost from Kingstone Companies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Tuesday, February 27th. Kingstone Companies’s dividend payout ratio is currently 42.55%.

Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Kingstone Companies by 2,223.2% in the 3rd quarter. Wells Fargo & Company MN now owns 65,050 shares of the insurance provider’s stock valued at $1,061,000 after purchasing an additional 62,250 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kingstone Companies by 47.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 149,082 shares of the insurance provider’s stock valued at $2,281,000 after purchasing an additional 48,068 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Kingstone Companies by 13.6% in the 3rd quarter. Royce & Associates LP now owns 690,368 shares of the insurance provider’s stock valued at $11,253,000 after purchasing an additional 82,857 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Kingstone Companies by 485.9% in the 2nd quarter. Northern Trust Corp now owns 94,653 shares of the insurance provider’s stock valued at $1,448,000 after purchasing an additional 78,497 shares during the last quarter. Finally, Cadence Capital Management LLC lifted its holdings in shares of Kingstone Companies by 9.6% in the 4th quarter. Cadence Capital Management LLC now owns 117,805 shares of the insurance provider’s stock valued at $2,215,000 after purchasing an additional 10,349 shares during the last quarter. 51.70% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. Zacks Investment Research cut Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. ValuEngine raised Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Finally, Boenning Scattergood set a $24.00 target price on Kingstone Companies and gave the stock a “buy” rating in a research note on Thursday, March 15th.

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About Kingstone Companies

Kingstone Companies, Inc offers property and casualty insurance products to small businesses and individuals in New York State. The Company offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance company. The Company operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers.

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