Kingstone Companies (NASDAQ:KINS) Stock Passes Below 200 Day Moving Average - What's Next?

Key Points

• Kingstone Companies' share price fell below its 200-day moving average, trading at $13.90 as of Monday, while the 200-day moving average is $16.21.
• Wall Street analysts have downgraded Kingstone Companies from a "buy" to a "hold" rating, reflecting concerns about its current market position.
• The company reported a strong earnings performance, with earnings per share of $0.75, surpassing expectations by $0.20, alongside a revenue of $59.80 million for the last quarter.

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.21 and traded as low as $13.35. Kingstone Companies shares last traded at $13.90, with a volume of 241,878 shares traded.

Analyst Ratings Changes

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 Down 1.2%

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.05. The company has a market cap of $195.98 million, a price-to-earnings ratio of 6.93 and a beta of 0.52. The firm has a 50-day moving average price of $15.20 and a 200 day moving average price of $16.09.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. Kingstone Companies had a return on equity of 33.21% and a net margin of 14.84%.The firm had revenue of $59.80 million for the quarter, compared to analysts' expectations of $45.20 million. Kingstone Companies has set its FY 2025 guidance at 1.950-2.35 EPS. As a group, sell-side analysts forecast that Kingstone Companies, Inc will post 1.4 EPS for the current year.

Kingstone Companies Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 11th. Kingstone Companies's dividend payout ratio is currently 10.00%.

Insiders Place Their Bets

In other Kingstone Companies news, Director Thomas Newgarden bought 12,500 shares of the business's stock in a transaction 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 completion of the acquisition, the director directly owned 51,715 shares of the company's stock, valued at approximately $867,260.55. The trade was a 31.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP increased its position in Kingstone Companies by 16.8% in the second quarter. Marshall Wace LLP now owns 419,414 shares of the insurance provider's stock worth $6,463,000 after buying an additional 60,439 shares during the period. Millennium Management LLC boosted its holdings in shares of Kingstone Companies by 484.9% during the first 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. De Lisle Partners LLP grew its position in shares of Kingstone Companies by 179.5% during the second quarter. De Lisle Partners LLP now owns 267,488 shares of the insurance provider's stock worth $4,120,000 after acquiring an additional 171,778 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kingstone Companies by 130.9% in the 2nd quarter. Geode Capital Management LLC now owns 253,624 shares of the insurance provider's stock worth $3,909,000 after acquiring an additional 143,806 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Kingstone Companies by 36.3% in the 2nd quarter. American Century Companies Inc. now owns 220,470 shares of the insurance provider's stock worth $3,397,000 after acquiring an additional 58,661 shares during the period. 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.