Kingstone Companies Inc (NASDAQ:KINS) Director William L. Yankus acquired 2,000 shares of Kingstone Companies stock in a transaction that occurred on Wednesday, March 21st. The shares were purchased at an average price of $16.90 per share, for a total transaction of $33,800.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Kingstone Companies stock traded up $0.15 during midday trading on Thursday, hitting $16.50. The company’s stock had a trading volume of 48,480 shares, compared to its average volume of 44,823. Kingstone Companies Inc has a 1 year low of $13.20 and a 1 year high of $21.70. The company has a market cap of $168.81, a price-to-earnings 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 results on Wednesday, March 14th. The insurance provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16). Kingstone Companies had a net margin of 10.77% and a return on equity of 10.83%. The company had revenue of $25.78 million during the quarter, compared to the consensus estimate of $26.80 million. analysts forecast that Kingstone Companies Inc will post 1.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.08. Kingstone Companies’s payout ratio is 42.55%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its position in shares of Kingstone Companies by 132.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,741 shares of the insurance provider’s stock valued at $146,000 after buying an additional 4,412 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of Kingstone Companies in the 2nd quarter valued at about $148,000. Millennium Management LLC bought a new stake in shares of Kingstone Companies in the 4th quarter valued at about $198,000. Eqis Capital Management Inc. bought a new stake in shares of Kingstone Companies in the 4th quarter valued at about $200,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Kingstone Companies by 36.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,985 shares of the insurance provider’s stock valued at $179,000 after buying an additional 2,907 shares during the last quarter. Hedge funds and other institutional investors own 51.70% of the company’s stock.

A number of brokerages recently weighed in on KINS. Zacks Investment Research lowered Kingstone Companies from a “hold” rating to a “sell” rating in a research report on Tuesday. Boenning Scattergood set a $24.00 price objective on Kingstone Companies and gave the stock a “buy” rating in a research report on Thursday, March 15th. Finally, ValuEngine upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd.

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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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