Evernest Financial Advisors LLC Sells 19,375 Shares of Kingstone Companies, Inc. (NASDAQ:KINS)

Evernest Financial Advisors LLC cut its stake in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,025 shares of the insurance provider's stock after selling 19,375 shares during the period. Evernest Financial Advisors LLC owned approximately 0.89% of Kingstone Companies worth $1,671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KINS. Barclays PLC bought a new stake in shares of Kingstone Companies during the 3rd quarter worth approximately $49,000. JPMorgan Chase & Co. lifted its position in shares of Kingstone Companies by 53,684.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock worth $94,000 after buying an additional 10,200 shares during the last quarter. Jane Street Group LLC acquired a new stake in Kingstone Companies in the third quarter valued at about $170,000. Baader Bank Aktiengesellschaft bought a new position in Kingstone Companies in the fourth quarter valued at about $191,000. Finally, State Street Corp raised its stake in Kingstone Companies by 22.7% during the third quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock worth $277,000 after acquiring an additional 5,600 shares in the last quarter. 14.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Kingstone Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th.

Insider Buying and Selling at Kingstone Companies

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

Kingstone Companies Price Performance

Shares of NASDAQ KINS traded up $1.07 during mid-day trading on Tuesday, hitting $17.85. 472,931 shares of the stock traded hands, compared to its average volume of 270,711. The company has a market cap of $220.40 million, a PE ratio of 13.73 and a beta of 0.74. Kingstone Companies, Inc. has a twelve month low of $2.97 and a twelve month high of $18.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $15.64 and a two-hundred day simple moving average of $11.62.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, meeting analysts' consensus estimates of $0.50. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. The firm had revenue of $40.77 million for the quarter, compared to analyst estimates of $41.80 million. During the same period last year, the firm posted ($0.27) earnings per share. As a group, equities research analysts forecast that Kingstone Companies, Inc. will post 1.4 EPS for the current fiscal year.

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.