Evernest Financial Advisors LLC Makes New $1.18 Million Investment in Kingstone Companies, Inc. (NASDAQ:KINS)

Evernest Financial Advisors LLC purchased a new stake in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 129,400 shares of the insurance provider's stock, valued at approximately $1,184,000. Evernest Financial Advisors LLC owned 1.18% of Kingstone Companies as of its most recent SEC filing.

Separately, Dimensional Fund Advisors LP raised its position in shares of Kingstone Companies by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider's stock valued at $546,000 after acquiring an additional 7,320 shares during the period. Hedge funds and other institutional investors own 14.91% of the company's stock.

Kingstone Companies Stock Up 0.1 %

Shares of KINS traded up $0.01 on Tuesday, hitting $9.89. The company's stock had a trading volume of 88,335 shares, compared to its average volume of 72,943. The firm's fifty day moving average price is $9.31 and its 200-day moving average price is $6.53. Kingstone Companies, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $12.41. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $108.87 million, a price-to-earnings ratio of 23.52 and a beta of 0.57.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The insurance provider reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $36.50 million during the quarter, compared to analysts' expectations of $36.80 million. Kingstone Companies had a net margin of 3.74% and a return on equity of 13.61%. During the same quarter in the prior year, the company earned ($0.06) earnings per share. On average, equities research analysts expect that Kingstone Companies, Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Kingstone Companies from a "hold" rating to a "buy" rating in a report on Wednesday, August 21st. Janney Montgomery Scott initiated coverage on shares of Kingstone Companies in a report on Tuesday, July 16th. They issued a "buy" rating and a $6.50 price target for the company.

Kingstone Companies 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.