Kingstone Companies (NASDAQ:KINS) Share Price Crosses Below 200-Day Moving Average - What's Next?

Shares of Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.22 and traded as low as $14.95. Kingstone Companies shares last traded at $15.49, with a volume of 335,588 shares trading hands.

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 Price Performance

The business's 50 day moving average is $16.62 and its two-hundred day moving average is $16.22. The firm has a market cap of $214.49 million, a P/E ratio of 9.63 and a beta of 0.60. 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 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 12.25% and a return on equity of 31.92%. As a group, analysts anticipate that Kingstone Companies, Inc will post 1.4 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Thomas Newgarden bought 12,500 shares of the stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 51,715 shares of the company's stock, valued at approximately $867,260.55. This represents a 31.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 12.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Kingstone Companies

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in Kingstone Companies in the fourth quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Kingstone Companies in the first quarter worth $39,000. Tower Research Capital LLC TRC grew its holdings in Kingstone Companies by 370.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock worth $43,000 after purchasing an additional 2,242 shares during the period. State of Wyoming acquired a new stake in Kingstone Companies in the fourth quarter worth $103,000. Finally, JPMorgan Chase & Co. grew its holdings in Kingstone Companies by 8.1% in the fourth quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock worth $168,000 after purchasing an additional 823 shares during the period. 14.91% of the stock is currently owned by institutional investors and hedge funds.

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.