Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Kingstone Companies from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.
Read Our Latest Stock Analysis on KINS
Kingstone Companies Stock Performance
The company has a debt-to-equity ratio of 0.07, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $215.89 million, a price-to-earnings ratio of 9.69 and a beta of 0.60. The firm's fifty day moving average is $16.57 and its 200 day moving average is $16.23.
Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its 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%. On average, analysts predict that Kingstone Companies, Inc will post 1.4 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Thomas Newgarden purchased 12,500 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $16.77 per share, with a total value of $209,625.00. Following 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by company insiders.
Institutional Investors Weigh In On Kingstone Companies
Several large investors have recently made changes to their positions in the company. Millennium Management LLC raised its position in 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 in the last quarter. Marshall Wace LLP increased its stake in shares of Kingstone Companies by 223.5% during the 4th quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider's stock worth $4,286,000 after purchasing an additional 194,952 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Kingstone Companies during the 4th quarter valued at $2,371,000. American Century Companies Inc. lifted its stake in shares of Kingstone Companies by 89.6% in the 1st quarter. American Century Companies Inc. now owns 161,809 shares of the insurance provider's stock valued at $2,694,000 after purchasing an additional 76,451 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Kingstone Companies in the 4th quarter valued at $1,105,000. Institutional investors own 14.91% of the company's stock.
About Kingstone Companies
(
Get Free Report)
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.
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