Kingstone Companies (NASDAQ:KINS) Shares Pass Below 200-Day Moving Average - Time to Sell?

Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.25 and traded as low as $15.17. Kingstone Companies shares last traded at $15.26, with a volume of 313,553 shares traded.

Wall Street Analysts Forecast Growth

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

Kingstone Companies Stock Performance

The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The firm's 50-day moving average is $17.03 and its two-hundred day moving average is $16.27. The stock has a market cap of $209.95 million, a price-to-earnings ratio of 11.53 and a beta of 0.60.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its quarterly 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 expect that Kingstone Companies, Inc. will post 1.4 earnings per share for the current year.

Insider Buying and Selling

In other Kingstone Companies news, Director Thomas Newgarden acquired 12,500 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $16.77 per share, for a total transaction of $209,625.00. Following the acquisition, the director now owns 51,715 shares in the company, valued at approximately $867,260.55. The trade was a 31.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 12.20% of the company's stock.

Institutional Trading of Kingstone Companies

A number of hedge funds have recently bought and sold shares of KINS. SBI Securities Co. Ltd. acquired a new stake in Kingstone Companies in the 4th quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Kingstone Companies in the 1st quarter valued at about $39,000. Tower Research Capital LLC TRC raised its holdings in Kingstone Companies by 370.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 2,242 shares during the last quarter. State of Wyoming acquired a new stake in Kingstone Companies in the 4th quarter valued at about $103,000. Finally, JPMorgan Chase & Co. raised its holdings in Kingstone Companies by 8.1% in the 4th quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock valued at $168,000 after acquiring an additional 823 shares during the last quarter. 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.