Kingstone Companies (NASDAQ:KINS) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.16 and traded as low as $15.38. Kingstone Companies shares last traded at $15.92, with a volume of 139,445 shares changing hands.

Analysts Set New Price Targets

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

Kingstone Companies Trading Up 0.3%

The company's 50 day moving average price is $15.47 and its two-hundred day moving average price is $16.19. The firm has a market cap of $222.04 million, a PE ratio of 9.97 and a beta of 0.57. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.07.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. Kingstone Companies had a net margin of 12.25% and a return on equity of 31.92%. 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 business also recently announced a -- dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, August 11th.

Insider Buying and Selling

In related news, Director Thomas Newgarden bought 12,500 shares of Kingstone Companies stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $16.77 per share, with a total value of $209,625.00. Following the completion of the transaction, the director owned 51,715 shares in the company, valued at $867,260.55. The trade was a 31.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Kingstone Companies

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Kingstone Companies during the fourth quarter valued at approximately $2,371,000. American Century Companies Inc. increased its position in Kingstone Companies by 186.6% during the 4th quarter. American Century Companies Inc. now owns 85,358 shares of the insurance provider's stock valued at $1,297,000 after buying an additional 55,572 shares in the last quarter. LPL Financial LLC acquired a new stake in Kingstone Companies in the 4th quarter worth approximately $1,105,000. JPMorgan Chase & Co. lifted its stake in shares of Kingstone Companies by 8.1% during the fourth quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock worth $168,000 after buying an additional 823 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Kingstone Companies by 85.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 67,625 shares of the insurance provider's stock valued at $1,027,000 after purchasing an additional 31,137 shares during the period. 14.91% of the stock is owned by hedge funds and other institutional investors.

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.