XTX Topco Ltd Invests $290,000 in Kingstone Companies, Inc. (NASDAQ:KINS)

XTX Topco Ltd bought a new stake in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,745 shares of the insurance provider's stock, valued at approximately $290,000. XTX Topco Ltd owned about 0.29% of Kingstone Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Kingstone Companies in the third quarter valued at $1,658,000. Evernest Financial Advisors LLC bought a new stake in shares of Kingstone Companies in the 3rd quarter valued at about $1,184,000. Wolverine Trading LLC acquired a new stake in Kingstone Companies in the 3rd quarter valued at about $304,000. Renaissance Technologies LLC grew its holdings in Kingstone Companies by 5.5% during the second quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider's stock worth $1,847,000 after purchasing an additional 19,201 shares during the period. Finally, Jane Street Group LLC bought a new position in Kingstone Companies during the third quarter worth about $170,000. Institutional investors own 14.91% of the company's stock.

Insider Activity at Kingstone Companies

In related news, Director William L. Yankus sold 10,253 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $16.18, for a total transaction of $165,893.54. Following the sale, the director now owns 91,834 shares of the company's stock, valued at $1,485,874.12. This represents a 10.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carla D'andre acquired 4,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $10.98 per share, with a total value of $43,920.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $43,920. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.20% of the stock is currently owned by corporate insiders.

Kingstone Companies Stock Performance

KINS stock traded down $0.71 during midday trading on Wednesday, reaching $15.25. 311,329 shares of the company were exchanged, compared to its average volume of 115,101. The firm has a market capitalization of $188.32 million, a price-to-earnings ratio of 11.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. Kingstone Companies, Inc. has a one year low of $1.95 and a one year high of $17.77. The business has a 50-day moving average price of $12.65 and a two-hundred day moving average price of $9.09.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Kingstone Companies from a "buy" rating to a "hold" rating in a research note 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.