Thomas Newgarden Purchases 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 stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $16.77 per share, with a total value of $209,625.00. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kingstone Companies Price Performance

KINS stock traded up $0.30 during trading hours on Friday, hitting $16.31. 249,327 shares of the stock traded hands, compared to its average volume of 249,400. The stock has a 50-day simple moving average of $17.15 and a 200 day simple moving average of $16.16. Kingstone Companies, Inc. has a one year low of $4.55 and a one year high of $22.40. The company has a market cap of $228.44 million, a P/E ratio of 12.55 and a beta of 0.60. 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 posted its quarterly earnings results on Thursday, May 8th. The insurance provider reported $0.17 earnings per share for the quarter. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. Equities analysts forecast that Kingstone Companies, Inc. will post 1.4 earnings per share 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 report on Saturday, May 17th.

Institutional Trading of Kingstone Companies

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Kingstone Companies during the fourth quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Kingstone Companies during the first quarter worth about $39,000. Tower Research Capital LLC TRC raised its holdings in 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 worth $43,000 after acquiring an additional 2,242 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Kingstone Companies by 53,684.2% during the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock worth $94,000 after acquiring an additional 10,200 shares in the last quarter. Finally, State of Wyoming bought a new stake in Kingstone Companies in the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 14.91% of the company's stock.

Kingstone Companies Company 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.