Kingstone Companies (NASDAQ:KINS) Stock Crosses Above 200 Day Moving Average - What's Next?

Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.48 and traded as high as $15.91. Kingstone Companies shares last traded at $15.53, with a volume of 277,966 shares.

Wall Street Analysts Forecast Growth

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

Kingstone Companies Stock Performance

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 business has a 50 day moving average price of $13.41 and a two-hundred day moving average price of $9.53. The stock has a market cap of $199.44 million, a PE ratio of 12.42 and a beta of 0.71.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. The company had revenue of $40.77 million during the quarter, compared to the consensus estimate of $41.80 million. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. During the same period in the prior year, the firm earned ($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.

Insider Buying and Selling

In related news, Director Carla D'andre purchased 4,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the purchase, the director now directly owns 4,000 shares of the company's stock, valued at approximately $43,920. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William L. Yankus sold 10,253 shares of Kingstone Companies stock in a transaction on Friday, December 13th. The shares were sold at an average price of $16.18, for a total value of $165,893.54. Following the transaction, the director now 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 disclosure for this sale can be found here. 12.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KINS. Barclays PLC purchased a new position in Kingstone Companies in the 3rd quarter worth about $49,000. JPMorgan Chase & Co. lifted its position in Kingstone Companies by 53,684.2% during the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 10,200 shares during the period. Jane Street Group LLC bought a new stake in Kingstone Companies in the 3rd quarter worth approximately $170,000. State Street Corp raised its stake in Kingstone Companies by 22.7% during the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock valued at $277,000 after buying an additional 5,600 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Kingstone Companies during the 3rd quarter valued at $290,000. 14.91% of the stock is owned by institutional investors.

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.