Squarepoint Ops LLC Grows Stake in Kingstone Companies, Inc $KINS

Squarepoint Ops LLC boosted its stake in shares of Kingstone Companies, Inc (NASDAQ:KINS) by 201.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,757 shares of the insurance provider’s stock after acquiring an additional 68,055 shares during the quarter. Squarepoint Ops LLC owned about 0.72% of Kingstone Companies worth $1,568,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Kingstone Companies during the 2nd quarter valued at approximately $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Kingstone Companies during the second quarter valued at $93,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Kingstone Companies in the second quarter valued at $118,000. Cetera Investment Advisers bought a new stake in shares of Kingstone Companies in the 2nd quarter worth about $163,000. Finally, Great Valley Advisor Group Inc. bought a new stake in shares of Kingstone Companies in the 2nd quarter worth about $186,000. 14.91% of the stock is owned by institutional investors.

Kingstone Companies Price Performance

Shares of KINS opened at $16.94 on Friday. The firm has a market capitalization of $239.70 million, a price-to-earnings ratio of 7.74 and a beta of 0.42. Kingstone Companies, Inc has a 1-year low of $13.08 and a 1-year high of $22.40. The company has a 50-day moving average of $15.04 and a 200 day moving average of $14.85.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, November 6th. The insurance provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Kingstone Companies had a net margin of 15.68% and a return on equity of 33.69%. The business had revenue of $55.65 million for the quarter, compared to analyst estimates of $53.20 million. On average, equities analysts anticipate that Kingstone Companies, Inc will post 1.4 earnings per share for the current fiscal year.

Kingstone Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Kingstone Companies’s payout ratio is 9.13%.

Analyst Ratings Changes

KINS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Kingstone Companies in a research report on Monday. Wall Street Zen cut Kingstone Companies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

About Kingstone Companies

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small?commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.