Dimensional Fund Advisors LP Increases Position in Kingstone Companies, Inc. (NASDAQ:KINS)

Dimensional Fund Advisors LP increased its stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,980 shares of the insurance provider's stock after buying an additional 14,551 shares during the period. Dimensional Fund Advisors LP owned about 1.08% of Kingstone Companies worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Kingstone Companies in the 4th quarter worth approximately $26,000. Barclays PLC purchased a new position in shares of Kingstone Companies during the 3rd quarter worth approximately $49,000. JPMorgan Chase & Co. raised its position in shares of Kingstone Companies by 53,684.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock worth $94,000 after purchasing an additional 10,200 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Kingstone Companies in the 4th quarter valued at approximately $191,000. Finally, NewEdge Advisors LLC grew its holdings in Kingstone Companies by 18.6% during the 4th quarter. NewEdge Advisors LLC now owns 15,772 shares of the insurance provider's stock valued at $240,000 after buying an additional 2,474 shares during the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

Kingstone Companies Price Performance

NASDAQ:KINS opened at $17.44 on Thursday. Kingstone Companies, Inc. has a 12-month low of $4.43 and a 12-month high of $22.40. The firm has a market cap of $239.47 million, a price-to-earnings ratio of 13.42 and a beta of 0.60. The company's 50-day moving average is $16.82 and its two-hundred day moving average is $15.70. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29.

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 (EPS) for the quarter. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. Research analysts expect that Kingstone Companies, Inc. will post 1.4 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kingstone Companies from a "hold" rating to a "buy" rating in a report on Friday, May 9th.

Kingstone Companies Profile

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.

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