Kingstone Companies (NASDAQ:KINS) Stock Crosses Below 200-Day Moving Average - Here's Why

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.16 and traded as low as $14.29. Kingstone Companies shares last traded at $14.39, with a volume of 166,849 shares changing hands.

Analyst Ratings Changes

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

Kingstone Companies Trading Up 4.0%

The company's 50 day simple moving average is $15.65 and its 200-day simple moving average is $16.15. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.07. The firm has a market cap of $224.02 million, a P/E ratio of 10.06 and a beta of 0.57.

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 (EPS) for the quarter. Kingstone Companies had a net margin of 12.25% and a return on equity of 31.92%. As a group, research analysts predict that Kingstone Companies, Inc will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Kingstone Companies

In related news, Director Thomas Newgarden bought 12,500 shares of the business's stock in a transaction dated 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 completion of the purchase, the director directly owned 51,715 shares of the company's stock, valued at approximately $867,260.55. This trade represents a 31.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.10% of the company's stock.

Institutional Trading of Kingstone Companies

Several large investors have recently bought and sold shares of KINS. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 823 shares during the period. Palisades Investment Partners LLC lifted its holdings in shares of Kingstone Companies by 1.8% in the 1st quarter. Palisades Investment Partners LLC now owns 61,205 shares of the insurance provider's stock worth $1,019,000 after acquiring an additional 1,080 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Kingstone Companies by 9.2% in the 1st quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider's stock worth $287,000 after acquiring an additional 1,448 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Kingstone Companies by 6.6% in the 4th quarter. Jump Financial LLC now owns 23,996 shares of the insurance provider's stock worth $364,000 after acquiring an additional 1,495 shares during the last quarter. Finally, Cruiser Capital Advisors LLC lifted its holdings in shares of Kingstone Companies by 3.6% in the 4th quarter. Cruiser Capital Advisors LLC now owns 44,520 shares of the insurance provider's stock worth $676,000 after acquiring an additional 1,560 shares during the last quarter. Hedge funds and other institutional investors 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.