Kingstone Companies, Inc (KINS) Position Lifted by Royce & Associates LP
Royce & Associates LP increased its stake in Kingstone Companies, Inc (NASDAQ:KINS) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 690,368 shares of the insurance provider’s stock after buying an additional 82,857 shares during the period. Royce & Associates LP owned 6.49% of Kingstone Companies worth $11,253,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC purchased a new position in Kingstone Companies during the 2nd quarter valued at about $1,534,000. Monarch Partners Asset Management LLC increased its position in Kingstone Companies by 55.4% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 31,700 shares of the insurance provider’s stock valued at $517,000 after purchasing an additional 11,300 shares during the period. Bank of New York Mellon Corp increased its position in Kingstone Companies by 245.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 34,796 shares of the insurance provider’s stock valued at $533,000 after purchasing an additional 24,715 shares during the period. Laurel Wealth Advisors Inc. increased its position in Kingstone Companies by 9.8% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 86,850 shares of the insurance provider’s stock valued at $1,328,000 after purchasing an additional 7,730 shares during the period. Finally, OxFORD Asset Management LLP increased its position in Kingstone Companies by 79.6% during the 2nd quarter. OxFORD Asset Management LLP now owns 40,153 shares of the insurance provider’s stock valued at $614,000 after purchasing an additional 17,802 shares during the period. 49.55% of the stock is currently owned by institutional investors.
Kingstone Companies, Inc (NASDAQ KINS) opened at $18.95 on Thursday. The company has a market cap of $200.84, a PE ratio of 18.71 and a beta of 0.77. Kingstone Companies, Inc has a 12-month low of $11.80 and a 12-month high of $19.60.
Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Thursday, November 9th. The insurance provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.15 million. Kingstone Companies had a net margin of 11.59% and a return on equity of 12.28%. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. analysts anticipate that Kingstone Companies, Inc will post 1.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, November 29th. Kingstone Companies’s dividend payout ratio (DPR) is 31.37%.
Separately, Zacks Investment Research raised shares of Kingstone Companies from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, November 14th.
Kingstone Companies Company Profile
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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