Wells Fargo & Company MN increased its position in Kingstone Companies Inc (NASDAQ:KINS) by 2,223.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,050 shares of the insurance provider’s stock after purchasing an additional 62,250 shares during the quarter. Wells Fargo & Company MN’s holdings in Kingstone Companies were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new position in shares of Kingstone Companies in the second quarter valued at $139,000. JPMorgan Chase & Co. boosted its stake in shares of Kingstone Companies by 300.3% in the second 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 during the period. New York State Common Retirement Fund purchased a new position in shares of Kingstone Companies in the second quarter valued at $148,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Kingstone Companies in the second quarter valued at $225,000. Finally, California State Teachers Retirement System acquired a new stake in Kingstone Companies in the second quarter valued at $246,000. Institutional investors and hedge funds own 49.55% of the company’s stock.

KINS has been the topic of several recent analyst reports. ValuEngine raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research cut shares of Kingstone Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th.

Shares of Kingstone Companies Inc (NASDAQ:KINS) opened at $21.25 on Thursday. The stock has a market cap of $230.59, a price-to-earnings ratio of 20.83 and a beta of 0.77. Kingstone Companies Inc has a twelve month low of $11.80 and a twelve month high of $21.70.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Thursday, November 9th. The insurance provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. The firm had revenue of $21.50 million for the quarter, compared to analysts’ expectations of $22.15 million. Kingstone Companies had a net margin of 11.59% and a return on equity of 12.28%. The firm’s quarterly revenue was up 37.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. research analysts predict that Kingstone Companies Inc will post 1.05 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Kingstone Companies (NASDAQ:KINS)

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