Ritholtz Wealth Management Purchases 23,040 Shares of Kingstone Companies, Inc. (NASDAQ:KINS)

Ritholtz Wealth Management increased its position in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 138.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,663 shares of the insurance provider's stock after buying an additional 23,040 shares during the quarter. Ritholtz Wealth Management owned about 0.32% of Kingstone Companies worth $602,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KINS. Barclays PLC purchased a new stake in Kingstone Companies during the third quarter valued at about $49,000. JPMorgan Chase & Co. boosted its stake in Kingstone Companies by 53,684.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock worth $94,000 after purchasing an additional 10,200 shares during the period. Jane Street Group LLC purchased a new position in Kingstone Companies during 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 purchasing an additional 5,600 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Kingstone Companies during the 3rd quarter valued at $290,000. Institutional investors own 14.91% of the company's stock.

Kingstone Companies Stock Up 3.8 %

KINS stock traded up $0.59 during trading hours on Tuesday, hitting $15.96. The company's stock had a trading volume of 237,196 shares, compared to its average volume of 269,724. The stock has a 50 day moving average price of $15.05 and a two-hundred day moving average price of $10.84. Kingstone Companies, Inc. has a 12 month low of $2.50 and a 12 month high of $18.08. The company has a market capitalization of $197.11 million, a PE ratio of 12.28 and a beta of 0.74. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. The firm had revenue of $40.77 million during the quarter, compared to analysts' expectations of $41.80 million. During the same period in the prior year, the company posted ($0.27) earnings per share. On average, equities research analysts expect that Kingstone Companies, Inc. will post 1.4 earnings per share for the current year.

Insider Activity

In other Kingstone Companies news, Director William L. Yankus sold 10,253 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $16.18, for a total transaction of $165,893.54. Following the completion of the sale, the director now directly owns 91,834 shares in the company, valued at $1,485,874.12. This represents a 10.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carla D'andre acquired 4,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the completion of 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 position. The disclosure for this purchase can be found here. 12.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Kingstone Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th.

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.