TheStreet cut shares of Kingstone Companies (NASDAQ:KINS) from a b rating to a c+ rating in a report issued on Thursday morning.

KINS has been the subject of a number of other research reports. ValuEngine downgraded shares of Kingstone Companies from a buy rating to a hold rating in a research report on Thursday, November 15th. Zacks Investment Research raised shares of Kingstone Companies from a strong sell rating to a hold rating in a research report on Tuesday, January 15th.

KINS stock opened at $15.64 on Thursday. Kingstone Companies has a twelve month low of $13.20 and a twelve month high of $20.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $168.02 million, a PE ratio of 16.64 and a beta of 0.60.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Wednesday, March 13th. The insurance provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.20). Kingstone Companies had a return on equity of 6.76% and a net margin of 5.37%. The company had revenue of $28.94 million for the quarter, compared to analyst estimates of $29.28 million. Kingstone Companies’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, analysts anticipate that Kingstone Companies will post 0.65 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, February 27th. Kingstone Companies’s payout ratio is currently 42.55%.

In other Kingstone Companies news, insider Barry Goldstein sold 6,054 shares of Kingstone Companies stock in a transaction on Friday, January 4th. The shares were sold at an average price of $17.36, for a total value of $105,097.44. Following the completion of the transaction, the insider now owns 672,306 shares of the company’s stock, valued at $11,671,232.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 68,508 shares of company stock valued at $1,149,523 in the last three months. Corporate insiders own 10.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KINS. JPMorgan Chase & Co. boosted its holdings in Kingstone Companies by 398.2% in the third quarter. JPMorgan Chase & Co. now owns 9,387 shares of the insurance provider’s stock worth $179,000 after purchasing an additional 7,503 shares during the period. Bank of America Corp DE boosted its holdings in Kingstone Companies by 37.0% in the fourth quarter. Bank of America Corp DE now owns 11,215 shares of the insurance provider’s stock worth $199,000 after purchasing an additional 3,031 shares during the period. Rhumbline Advisers acquired a new position in Kingstone Companies in the fourth quarter worth $225,000. Bank of New York Mellon Corp boosted its holdings in Kingstone Companies by 9.6% in the fourth quarter. Bank of New York Mellon Corp now owns 46,465 shares of the insurance provider’s stock worth $822,000 after purchasing an additional 4,085 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its holdings in Kingstone Companies by 14.6% in the fourth quarter. Monarch Partners Asset Management LLC now owns 47,602 shares of the insurance provider’s stock worth $842,000 after purchasing an additional 6,060 shares during the period. 50.96% of the stock is owned by hedge funds and other institutional investors.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.

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