51,969 Shares in Kingstone Companies, Inc $KINS Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Kingstone Companies, Inc (NASDAQ:KINS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 51,969 shares of the insurance provider’s stock, valued at approximately $801,000. Y Intercept Hong Kong Ltd owned 0.37% of Kingstone Companies as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KINS. Millennium Management LLC increased its stake in shares of Kingstone Companies by 484.9% in the first quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock worth $4,759,000 after buying an additional 236,968 shares during the period. Palisades Investment Partners LLC increased its stake in shares of Kingstone Companies by 128.1% in the second quarter. Palisades Investment Partners LLC now owns 139,592 shares of the insurance provider’s stock worth $2,151,000 after buying an additional 78,387 shares during the period. American Century Companies Inc. increased its stake in shares of Kingstone Companies by 89.6% in the first quarter. American Century Companies Inc. now owns 161,809 shares of the insurance provider’s stock worth $2,694,000 after buying an additional 76,451 shares during the period. Evernest Financial Advisors LLC increased its stake in shares of Kingstone Companies by 57.1% in the second quarter. Evernest Financial Advisors LLC now owns 156,500 shares of the insurance provider’s stock worth $2,412,000 after buying an additional 56,900 shares during the period. Finally, De Lisle Partners LLP increased its stake in shares of Kingstone Companies by 139.3% in the first quarter. De Lisle Partners LLP now owns 95,710 shares of the insurance provider’s stock worth $1,593,000 after buying an additional 55,710 shares during the period. 14.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kingstone Companies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Kingstone Companies Stock Performance

NASDAQ:KINS opened at $14.79 on Wednesday. The stock has a market cap of $209.15 million, a P/E ratio of 7.40 and a beta of 0.49. The firm’s fifty day simple moving average is $14.29 and its 200 day simple moving average is $15.35. Kingstone Companies, Inc has a twelve month low of $10.45 and a twelve month high of $22.40. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.05.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Thursday, August 7th. The insurance provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.20. The business had revenue of $59.80 million for the quarter, compared to analysts’ expectations of $45.20 million. Kingstone Companies had a net margin of 14.84% and a return on equity of 33.21%. Kingstone Companies has set its FY 2025 guidance at 1.950-2.35 EPS. As a group, research analysts predict that Kingstone Companies, Inc will post 1.4 EPS for the current year.

Kingstone Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, November 10th. Kingstone Companies’s payout ratio is 10.00%.

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.