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

Geode Capital Management LLC grew its stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 14.5% in the third quarter, according to the company in its most recent filing with the SEC. 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 owned about 0.87% of Kingstone Companies worth $878,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Evernest Financial Advisors LLC bought a new stake in shares of Kingstone Companies during the 3rd quarter worth $1,184,000. State Street Corp lifted its position in shares of Kingstone Companies by 22.7% during the 3rd 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. Wolverine Trading LLC bought a new stake in shares of Kingstone Companies during the 3rd quarter worth $304,000. XTX Topco Ltd bought a new stake in shares of Kingstone Companies during the 3rd quarter worth $290,000. Finally, Barclays PLC bought a new stake in shares of Kingstone Companies during the 3rd quarter worth $49,000. 14.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kingstone Companies

In other news, Director William L. Yankus sold 10,253 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 91,834 shares in the company, valued at $1,485,874.12. This trade represents a 10.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carla D’andre bought 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $43,920. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.20% of the company’s stock.

Kingstone Companies Trading Down 3.5 %

Shares of KINS stock opened at $14.17 on Friday. The stock has a market cap of $174.99 million, a price-to-earnings ratio of 10.90 and a beta of 0.74. The stock has a 50-day moving average of $14.56 and a 200-day moving average of $10.28. 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 $2.21 and a 1-year high of $18.08.

Kingstone Companies (NASDAQ:KINS) last released its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS 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 business had revenue of $40.77 million during the quarter, compared to analysts’ expectations of $41.80 million. During the same quarter last year, the firm posted ($0.27) earnings per share. On average, equities research analysts forecast that Kingstone Companies, Inc. will post 1.4 earnings per share for the current year.

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.

Kingstone Companies Company Profile

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.