Kingstone Companies, Inc (NASDAQ:KINS – Get Free Report) Director Thomas Newgarden bought 15,301 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $14.52 per share, with a total value of $222,170.52. Following the completion of the purchase, the director owned 70,165 shares of the company’s stock, valued at approximately $1,018,795.80. The trade was a 27.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Thomas Newgarden also recently made the following trade(s):
- On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The stock was bought at an average cost of $14.36 per share, with a total value of $218,286.36.
Kingstone Companies Trading Down 0.7%
Shares of NASDAQ KINS opened at $14.76 on Friday. Kingstone Companies, Inc has a 1-year low of $13.08 and a 1-year high of $19.42. The company has a 50-day moving average of $15.65 and a two-hundred day moving average of $15.71. The company has a current ratio of 0.35, a quick ratio of 0.37 and a debt-to-equity ratio of 0.04. The company has a market cap of $213.72 million, a PE ratio of 6.87 and a beta of 0.52.
Kingstone Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. Kingstone Companies’s payout ratio is currently 9.30%.
Analyst Ratings Changes
Several brokerages have recently commented on KINS. Zacks Research upgraded shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Wall Street Zen cut shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings cut shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Kingstone Companies presently has an average rating of “Hold”.
Get Our Latest Stock Report on Kingstone Companies
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of KINS. BNP Paribas Financial Markets grew its holdings in Kingstone Companies by 80.1% during the third quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 1,017 shares during the period. State of Alaska Department of Revenue acquired a new position in Kingstone Companies during the fourth quarter valued at approximately $45,000. Kestra Advisory Services LLC acquired a new position in Kingstone Companies during the fourth quarter valued at approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Kingstone Companies during the second quarter valued at approximately $93,000. Finally, MetLife Investment Management LLC grew its holdings in Kingstone Companies by 99.6% during the fourth quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 3,257 shares during the period. Institutional investors and hedge funds own 14.91% of the company’s stock.
About Kingstone Companies
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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