Foundry Partners LLC grew its stake in shares of Kingstone Companies Inc (NASDAQ:KINS) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 362,826 shares of the insurance provider’s stock after purchasing an additional 4,901 shares during the quarter. Foundry Partners LLC’s holdings in Kingstone Companies were worth $6,894,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of KINS. Dimensional Fund Advisors LP lifted its stake in shares of Kingstone Companies by 35.6% during the first quarter. Dimensional Fund Advisors LP now owns 239,155 shares of the insurance provider’s stock worth $4,018,000 after purchasing an additional 62,729 shares in the last quarter. Cadence Capital Management LLC lifted its stake in shares of Kingstone Companies by 32.7% during the second quarter. Cadence Capital Management LLC now owns 161,872 shares of the insurance provider’s stock worth $2,736,000 after purchasing an additional 39,871 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Kingstone Companies by 4.0% during the second quarter. BlackRock Inc. now owns 471,760 shares of the insurance provider’s stock worth $7,973,000 after purchasing an additional 18,301 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Kingstone Companies by 4.3% during the second quarter. Royce & Associates LP now owns 378,657 shares of the insurance provider’s stock worth $6,399,000 after purchasing an additional 15,500 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Kingstone Companies during the second quarter worth about $176,000. Institutional investors own 50.81% of the company’s stock.
In other Kingstone Companies news, Director Carla D’andre bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were acquired at an average cost of $16.67 per share, with a total value of $33,340.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 6,000 shares of company stock worth $100,720. Corporate insiders own 10.30% of the company’s stock.
KINS has been the topic of a number of recent research reports. Zacks Investment Research cut Kingstone Companies from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 21st. ValuEngine upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 24th. Finally, Boenning Scattergood set a $20.00 target price on Kingstone Companies and gave the stock a “buy” rating in a research report on Wednesday, August 22nd.
Shares of NASDAQ KINS opened at $18.06 on Friday. Kingstone Companies Inc has a 1 year low of $13.20 and a 1 year high of $21.70. The stock has a market cap of $194.61 million, a PE ratio of 30.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57.
Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Thursday, August 9th. The insurance provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.07). Kingstone Companies had a return on equity of 7.16% and a net margin of 5.83%. The business had revenue of $27.55 million for the quarter, compared to analysts’ expectations of $29.70 million. Equities research analysts anticipate that Kingstone Companies Inc will post 0.9 earnings per share for the current year.
Kingstone Companies Company Profile
Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.
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