Kingstone Companies, Inc. (NASDAQ:KINS) Shares Bought by Millennium Management LLC

Millennium Management LLC boosted its stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 155.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,866 shares of the insurance provider's stock after buying an additional 29,742 shares during the period. Millennium Management LLC owned 0.40% of Kingstone Companies worth $742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KINS. Angel Oak Capital Advisors LLC acquired a new position in Kingstone Companies during the fourth quarter worth $3,704,000. New York State Common Retirement Fund acquired a new position in shares of Kingstone Companies in the 4th quarter valued at $349,000. Bank of New York Mellon Corp acquired a new position in shares of Kingstone Companies in the 4th quarter valued at $428,000. SBI Securities Co. Ltd. acquired a new position in shares of Kingstone Companies in the 4th quarter valued at $26,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Kingstone Companies in the 4th quarter valued at $2,371,000. Institutional investors and hedge funds own 14.91% of the company's stock.

Insider Buying and Selling

In other news, Director Thomas Newgarden bought 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $16.77 per share, with a total value of $209,625.00. Following the purchase, the director now owns 51,715 shares in the company, valued at approximately $867,260.55. The trade was a 31.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.20% of the stock is owned by corporate insiders.

Kingstone Companies Price Performance

KINS stock opened at $15.23 on Friday. The business's fifty day moving average price is $17.00 and its 200 day moving average price is $16.28. Kingstone Companies, Inc. has a 12-month low of $4.65 and a 12-month high of $22.40. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $213.31 million, a PE ratio of 11.72 and a beta of 0.60.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last posted its 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%. On average, sell-side analysts anticipate that Kingstone Companies, Inc. will post 1.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Kingstone Companies from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.

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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