Kingstone Companies, Inc. (NASDAQ:KINS) Director Sells $165,893.54 in Stock

Kingstone Companies, Inc. (NASDAQ:KINS) Director William L. Yankus sold 10,253 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $16.18, for a total value of $165,893.54. Following the sale, the director now directly owns 91,834 shares in the company, valued at approximately $1,485,874.12. This trade represents a 10.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kingstone Companies Stock Performance

NASDAQ KINS opened at $15.25 on Thursday. The firm’s 50 day simple moving average is $12.65 and its 200 day simple moving average is $9.09. The firm has a market capitalization of $188.32 million, a price-to-earnings ratio of 11.73 and a beta of 0.71. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies, Inc. has a 1 year low of $1.95 and a 1 year high of $17.77.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. The firm had revenue of $40.77 million for the quarter, compared to the consensus estimate of $41.80 million. During the same quarter last year, the business posted ($0.27) EPS. As a group, research analysts expect that Kingstone Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KINS. Barclays PLC acquired a new stake in shares of Kingstone Companies in the 3rd quarter valued at approximately $49,000. Jane Street Group LLC acquired a new stake in Kingstone Companies in the third quarter valued at approximately $170,000. State Street Corp grew its stake in shares of Kingstone Companies by 22.7% during the third quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock worth $277,000 after buying an additional 5,600 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Kingstone Companies during the third quarter worth $290,000. Finally, Wolverine Trading LLC bought a new position in shares of Kingstone Companies in the 3rd quarter valued at $304,000. Institutional investors own 14.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th.

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.