Kingstone Companies, Inc (KINS) Stake Raised by Foundry Partners LLC
Foundry Partners LLC grew its stake in Kingstone Companies, Inc (NASDAQ:KINS) by 25.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 361,400 shares of the insurance provider’s stock after purchasing an additional 73,950 shares during the quarter. Foundry Partners LLC owned approximately 3.40% of Kingstone Companies worth $5,891,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Kingstone Companies in the 2nd quarter valued at about $139,000. JPMorgan Chase & Co. raised its stake in shares of Kingstone Companies by 300.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,098 shares of the insurance provider’s stock valued at $139,000 after purchasing an additional 6,825 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Kingstone Companies in the 2nd quarter valued at about $148,000. Eagle Global Advisors LLC raised its stake in shares of Kingstone Companies by 23.2% in the 2nd quarter. Eagle Global Advisors LLC now owns 13,108 shares of the insurance provider’s stock valued at $201,000 after purchasing an additional 2,468 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Kingstone Companies in the 2nd quarter valued at about $225,000. Institutional investors and hedge funds own 47.52% of the company’s stock.
Shares of Kingstone Companies, Inc (NASDAQ KINS) opened at $15.20 on Monday. Kingstone Companies, Inc has a 12 month low of $10.00 and a 12 month high of $16.95. The firm has a market cap of $161.58, a PE ratio of 14.61 and a beta of 0.70.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Thursday, August 10th. The insurance provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.10). Kingstone Companies had a net margin of 11.52% and a return on equity of 12.81%. The company had revenue of $16.95 million for the quarter, compared to the consensus estimate of $17.30 million. The company’s revenue was up 12.9% compared to the same quarter last year. research analysts expect that Kingstone Companies, Inc will post 1 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on KINS shares. Zacks Investment Research lowered shares of Kingstone Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Boenning Scattergood reiterated a “buy” rating on shares of Kingstone Companies in a research note on Friday, August 11th.
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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