Cantor Fitzgerald L. P. Acquires New Shares in Kingstone Companies, Inc. (NASDAQ:KINS)

Cantor Fitzgerald L. P. purchased a new stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,000 shares of the insurance provider's stock, valued at approximately $243,000. Cantor Fitzgerald L. P. owned 0.13% of Kingstone Companies as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KINS. 683 Capital Management LLC bought a new position in Kingstone Companies in the 4th quarter valued at $768,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Kingstone Companies during the fourth quarter worth $211,000. Tower Research Capital LLC TRC increased its holdings in shares of Kingstone Companies by 370.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 2,242 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kingstone Companies by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 132,980 shares of the insurance provider's stock valued at $2,020,000 after acquiring an additional 14,551 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Kingstone Companies by 223.5% in the 4th quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider's stock valued at $4,286,000 after buying an additional 194,952 shares during the period. Institutional investors own 14.91% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Kingstone Companies from a "hold" rating to a "buy" rating in a report on Friday.

Kingstone Companies Trading Up 19.1 %

NASDAQ:KINS traded up $3.48 on Friday, reaching $21.67. 1,175,083 shares of the company's stock were exchanged, compared to its average volume of 228,487. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies, Inc. has a 52-week low of $4.01 and a 52-week high of $22.20. The firm has a market capitalization of $297.55 million, a price-to-earnings ratio of 16.67 and a beta of 0.60. The business has a fifty day moving average of $16.67 and a 200-day moving average of $15.57.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The insurance provider reported $0.17 earnings per share for the quarter. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. As a group, analysts expect that Kingstone Companies, Inc. will post 1.4 earnings per share for the current year.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.