Punch & Associates Investment Management Inc. Has $2.85 Million Position in Kingstone Companies Inc (NASDAQ:KINS)

Share on StockTwits

Punch & Associates Investment Management Inc. raised its stake in Kingstone Companies Inc (NASDAQ:KINS) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,600 shares of the insurance provider’s stock after acquiring an additional 12,300 shares during the period. Punch & Associates Investment Management Inc. owned 1.59% of Kingstone Companies worth $2,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Kingstone Companies by 28.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,144 shares of the insurance provider’s stock worth $266,000 after buying an additional 3,159 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Kingstone Companies by 5.0% during the first quarter. Wells Fargo & Company MN now owns 76,712 shares of the insurance provider’s stock worth $1,289,000 after buying an additional 3,666 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Kingstone Companies by 132.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,741 shares of the insurance provider’s stock worth $146,000 after buying an additional 4,412 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Kingstone Companies during the first quarter worth about $123,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Kingstone Companies by 26.2% during the fourth quarter. Bank of New York Mellon Corp now owns 42,103 shares of the insurance provider’s stock worth $792,000 after buying an additional 8,745 shares during the period. Institutional investors own 50.62% of the company’s stock.

Several brokerages have recently weighed in on KINS. Zacks Investment Research downgraded shares of Kingstone Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Boenning Scattergood set a $24.00 target price on shares of Kingstone Companies and gave the stock a “buy” rating in a research note on Thursday, March 15th. Finally, ValuEngine downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.

Shares of KINS opened at $18.10 on Friday. The stock has a market cap of $193.08 million, a PE ratio of 32.32 and a beta of 0.99. Kingstone Companies Inc has a fifty-two week low of $13.20 and a fifty-two week high of $21.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.67 and a quick ratio of 0.67.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Thursday, May 10th. The insurance provider reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.17. The firm had revenue of $25.70 million during the quarter, compared to analysts’ expectations of $28.30 million. Kingstone Companies had a net margin of 5.93% and a return on equity of 6.67%. sell-side analysts anticipate that Kingstone Companies Inc will post 1 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, May 30th. This represents a $0.40 annualized dividend and a yield of 2.21%. Kingstone Companies’s dividend payout ratio is currently 42.55%.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.

Institutional Ownership by Quarter for Kingstone Companies (NASDAQ:KINS)

Receive News & Ratings for Kingstone Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingstone Companies and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.