Thomas Newgarden Buys 12,500 Shares of Kingstone Companies, Inc. (NASDAQ:KINS) Stock

Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) Director Thomas Newgarden purchased 12,500 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $16.77 per share, with a total value of $209,625.00. Following the transaction, the director now directly owns 51,715 shares in the company, valued at $867,260.55. This trade represents a 31.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kingstone Companies Trading Up 1.9%

Shares of NASDAQ:KINS traded up $0.30 on Friday, hitting $16.31. The company had a trading volume of 249,327 shares, compared to its average volume of 250,344. The firm's 50-day simple moving average is $17.15 and its two-hundred day simple moving average is $16.23. Kingstone Companies, Inc. has a 1 year low of $4.64 and a 1 year high of $22.40. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $228.44 million, a price-to-earnings ratio of 12.55 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 EPS for the quarter. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. Equities analysts anticipate that Kingstone Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kingstone Companies

Several institutional investors and hedge funds have recently modified their holdings of KINS. Angel Oak Capital Advisors LLC purchased a new stake in shares of Kingstone Companies in the 4th quarter worth about $3,704,000. Millennium Management LLC lifted its position in Kingstone Companies by 484.9% during the 1st quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider's stock valued at $4,759,000 after acquiring an additional 236,968 shares during the period. Marshall Wace LLP lifted its position in Kingstone Companies by 223.5% during the 4th quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider's stock valued at $4,286,000 after acquiring an additional 194,952 shares during the period. Raymond James Financial Inc. purchased a new position in Kingstone Companies during the 4th quarter valued at about $2,371,000. Finally, American Century Companies Inc. lifted its position in Kingstone Companies by 89.6% during the 1st quarter. American Century Companies Inc. now owns 161,809 shares of the insurance provider's stock valued at $2,694,000 after acquiring an additional 76,451 shares during the period. 14.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.