Kingstone Companies, Inc (NASDAQ:KINS – Get Free Report) Director Thomas Newgarden purchased 15,201 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $14.36 per share, with a total value of $218,286.36. Following the acquisition, the director owned 85,366 shares in the company, valued at $1,225,855.76. This trade represents a 21.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Thomas Newgarden also recently made the following trade(s):
- On Tuesday, May 12th, Thomas Newgarden purchased 15,301 shares of Kingstone Companies stock. The stock was bought at an average price of $14.52 per share, with a total value of $222,170.52.
Kingstone Companies Stock Down 3.5%
NASDAQ KINS traded down $0.52 on Wednesday, reaching $14.16. The company had a trading volume of 113,150 shares, compared to its average volume of 133,579. The firm has a market capitalization of $205.04 million, a PE ratio of 6.59 and a beta of 0.52. Kingstone Companies, Inc has a 1 year low of $13.08 and a 1 year high of $19.42. The firm has a 50-day moving average of $15.77 and a 200-day moving average of $15.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.37.
Kingstone Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, May 11th. Kingstone Companies’s dividend payout ratio is 9.30%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Zacks Research upgraded Kingstone Companies to a “hold” rating in a research note on Friday, February 6th. Wall Street Zen upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, Weiss Ratings cut Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Report on KINS
Hedge Funds Weigh In On Kingstone Companies
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in shares of Kingstone Companies by 80.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock valued at $34,000 after buying an additional 1,017 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Kingstone Companies during the 4th quarter valued at approximately $45,000. Kestra Advisory Services LLC acquired a new stake in shares of Kingstone Companies during the 4th quarter valued at approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Kingstone Companies during the 2nd quarter valued at approximately $93,000. Finally, MetLife Investment Management LLC raised its position in shares of Kingstone Companies by 99.6% during the 4th quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 3,257 shares in the last quarter. 14.91% of the stock is currently owned by hedge funds and other institutional investors.
Kingstone Companies Company Profile
Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.
The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.
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