William L. Yankus Sells 10,253 Shares of Kingstone Companies, Inc. (NASDAQ:KINS) Stock

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

Kingstone Companies Stock Performance

Shares of NASDAQ:KINS opened at $15.96 on Wednesday. The firm has a fifty day simple moving average of $12.50 and a two-hundred day simple moving average of $9.01. Kingstone Companies, Inc. has a 52 week low of $1.95 and a 52 week high of $17.77. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $197.09 million, a P/E ratio of 12.28 and a beta of 0.71.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. The company had revenue of $40.77 million for the quarter, compared to analysts’ expectations of $41.80 million. During the same period in the previous year, the firm posted ($0.27) earnings per share. On average, analysts expect that Kingstone Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kingstone Companies

Large investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Kingstone Companies during the third quarter worth $49,000. Geode Capital Management LLC raised its stake in shares of Kingstone Companies by 14.5% in the third quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider’s stock valued at $878,000 after acquiring an additional 12,134 shares during the period. XTX Topco Ltd bought a new stake in shares of Kingstone Companies in the 3rd quarter worth about $290,000. Jane Street Group LLC purchased a new position in shares of Kingstone Companies during the 3rd quarter worth about $170,000. Finally, Wolverine Trading LLC bought a new position in Kingstone Companies during the 3rd quarter valued at about $304,000. Institutional investors own 14.91% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a research report 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.