OMERS ADMINISTRATION Corp Purchases New Position in Kingstone Companies, Inc. (NASDAQ:KINS)

OMERS ADMINISTRATION Corp bought a new position in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,900 shares of the insurance provider's stock, valued at approximately $454,000. OMERS ADMINISTRATION Corp owned 0.24% of Kingstone Companies at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KINS. SBI Securities Co. Ltd. bought a new position in Kingstone Companies in the fourth quarter worth about $26,000. Tower Research Capital LLC TRC raised its stake in Kingstone Companies by 370.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock worth $43,000 after buying an additional 2,242 shares in the last quarter. Barclays PLC bought a new position in Kingstone Companies in the third quarter worth about $49,000. JPMorgan Chase & Co. raised its stake in Kingstone Companies by 53,684.2% in the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock worth $94,000 after buying an additional 10,200 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in Kingstone Companies in the fourth quarter worth about $191,000. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Kingstone Companies Trading Up 8.3%

KINS stock traded up $1.30 during trading on Friday, reaching $16.93. The company had a trading volume of 517,947 shares, compared to its average volume of 245,436. Kingstone Companies, Inc. has a 52 week low of $4.55 and a 52 week high of $22.40. The business has a 50 day moving average of $17.09 and a 200 day moving average of $16.03. The company has a market cap of $237.12 million, a P/E ratio of 13.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its 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, sell-side analysts forecast that Kingstone Companies, Inc. will post 1.4 earnings per share for the current fiscal 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.