Geode Capital Management LLC Buys 12,134 Shares of Kingstone Companies, Inc. (NASDAQ:KINS)

Geode Capital Management LLC increased its holdings in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 14.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,950 shares of the insurance provider’s stock after acquiring an additional 12,134 shares during the quarter. Geode Capital Management LLC’s holdings in Kingstone Companies were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Barclays PLC bought a new stake in Kingstone Companies during the third quarter worth $49,000. State Street Corp lifted its holdings in 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 acquiring an additional 5,600 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kingstone Companies by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock worth $546,000 after acquiring an additional 7,320 shares during the period. Jane Street Group LLC bought a new stake in Kingstone Companies during the third quarter worth $170,000. Finally, Renaissance Technologies LLC lifted its holdings in Kingstone Companies by 5.5% during the second quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider’s stock worth $1,847,000 after acquiring an additional 19,201 shares during the period. 14.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Carla D’andre bought 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $10.98 per share, with a total value of $43,920.00. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $43,920. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William L. Yankus sold 10,253 shares of Kingstone Companies stock in a transaction 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 completion of the transaction, the director now owns 91,834 shares of the company’s stock, valued at approximately $1,485,874.12. This trade represents a 10.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.20% of the company’s stock.

Kingstone Companies Stock Performance

NASDAQ:KINS opened at $14.17 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. The business has a fifty day simple moving average of $14.56 and a two-hundred day simple moving average of $10.28. Kingstone Companies, Inc. has a 1 year low of $2.21 and a 1 year high of $18.08. The company has a market capitalization of $174.99 million, a P/E ratio of 10.90 and a beta of 0.74.

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

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.