Kingstone Companies (NASDAQ:KINS) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Kingstone Companies, Inc (NASDAQ:KINS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.20 and traded as low as $15.10. Kingstone Companies shares last traded at $15.32, with a volume of 131,825 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 17th.

Kingstone Companies Stock Up 0.9%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a fifty day moving average price of $16.36 and a 200 day moving average price of $16.20. The firm has a market capitalization of $214.56 million, a price-to-earnings ratio of 9.63 and a beta of 0.57.

Kingstone Companies (NASDAQ:KINS) last released its earnings results on Thursday, May 8th. The insurance provider reported $0.17 EPS for the quarter. Kingstone Companies had a return on equity of 31.92% and a net margin of 12.25%. As a group, sell-side analysts expect that Kingstone Companies, Inc will post 1.4 EPS for the current fiscal year.

Insider Activity at Kingstone Companies

In related news, Director Thomas Newgarden purchased 12,500 shares of Kingstone Companies stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $16.77 per share, for a total transaction of $209,625.00. Following the transaction, the director owned 51,715 shares in the company, valued at approximately $867,260.55. The trade was a 31.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kingstone Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in Kingstone Companies during the fourth quarter worth $428,000. SBI Securities Co. Ltd. acquired a new position in shares of Kingstone Companies during the 4th quarter worth $26,000. Raymond James Financial Inc. acquired a new position in shares of Kingstone Companies during the 4th quarter worth $2,371,000. American Century Companies Inc. raised its stake in shares of Kingstone Companies by 186.6% during the 4th quarter. American Century Companies Inc. now owns 85,358 shares of the insurance provider’s stock worth $1,297,000 after buying an additional 55,572 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Kingstone Companies during the 4th quarter worth $1,105,000. 14.91% of the stock is currently owned by institutional investors and hedge funds.

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.