Kingstone Companies Inc (KINS) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in shares of Kingstone Companies Inc (NASDAQ:KINS) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,406 shares of the insurance provider’s stock after purchasing an additional 17,306 shares during the period. Renaissance Technologies LLC’s holdings in Kingstone Companies were worth $4,777,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Northern Trust Corp grew its position in shares of Kingstone Companies by 3.5% during the second quarter. Northern Trust Corp now owns 98,408 shares of the insurance provider’s stock valued at $1,663,000 after purchasing an additional 3,351 shares in the last quarter. BlackRock Inc. grew its position in shares of Kingstone Companies by 0.9% during the third quarter. BlackRock Inc. now owns 476,115 shares of the insurance provider’s stock valued at $9,046,000 after purchasing an additional 4,355 shares in the last quarter. Foundry Partners LLC grew its position in shares of Kingstone Companies by 1.4% during the third quarter. Foundry Partners LLC now owns 362,826 shares of the insurance provider’s stock valued at $6,894,000 after purchasing an additional 4,901 shares in the last quarter. Capital Management Associates NY grew its position in shares of Kingstone Companies by 28.6% during the third quarter. Capital Management Associates NY now owns 22,500 shares of the insurance provider’s stock valued at $427,000 after purchasing an additional 5,000 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Kingstone Companies by 398.2% during the third quarter. JPMorgan Chase & Co. now owns 9,387 shares of the insurance provider’s stock valued at $179,000 after purchasing an additional 7,503 shares in the last quarter. Hedge funds and other institutional investors own 50.64% of the company’s stock.

KINS opened at $15.91 on Wednesday. The stock has a market capitalization of $173.61 million, a P/E ratio of 28.86 and a beta of 0.73. Kingstone Companies Inc has a 12 month low of $13.20 and a 12 month high of $21.70. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.32.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Thursday, November 8th. The insurance provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.10). The company had revenue of $30.89 million during the quarter, compared to analysts’ expectations of $33.30 million. Kingstone Companies had a return on equity of 6.76% and a net margin of 5.37%. Analysts anticipate that Kingstone Companies Inc will post 0.7 earnings per share for the current year.

A number of research analysts have recently weighed in on the company. ValuEngine lowered Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Boenning Scattergood reiterated a “buy” rating and issued a $20.00 price target on shares of Kingstone Companies in a research report on Thursday, November 8th. Finally, Zacks Investment Research lowered Kingstone Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 24th.

In related news, Director William L. Yankus purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was bought at an average price of $16.07 per share, for a total transaction of $32,140.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Barry Goldstein sold 8,717 shares of the firm’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $16.66, for a total transaction of $145,225.22. Following the completion of the sale, the insider now directly owns 650,012 shares of the company’s stock, valued at approximately $10,829,199.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,100 shares of company stock valued at $588,712. 10.30% of the stock is currently owned by company insiders.

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Kingstone Companies Profile

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.

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Institutional Ownership by Quarter for Kingstone Companies (NASDAQ:KINS)

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