Kingstone Companies, Inc. (NASDAQ:KINS) Shares Sold by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC decreased its position in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,025 shares of the insurance provider’s stock after selling 19,375 shares during the quarter. Evernest Financial Advisors LLC owned approximately 0.89% of Kingstone Companies worth $1,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC acquired a new position in shares of Kingstone Companies in the 3rd quarter valued at $49,000. JPMorgan Chase & Co. lifted its position in Kingstone Companies by 53,684.2% in the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock valued at $94,000 after buying an additional 10,200 shares during the last quarter. Jane Street Group LLC purchased a new position in Kingstone Companies during the third quarter worth about $170,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Kingstone Companies during the fourth quarter valued at about $191,000. Finally, State Street Corp raised its stake in shares of Kingstone Companies by 22.7% in the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 5,600 shares during the period. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Kingstone Companies Price Performance

KINS stock opened at $16.60 on Friday. The business’s fifty day moving average price is $15.56 and its 200 day moving average price is $11.36. Kingstone Companies, Inc. has a 12-month low of $2.97 and a 12-month high of $18.08. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $205.01 million, a PE ratio of 12.77 and a beta of 0.74.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings results 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 company had revenue of $40.77 million for the quarter, compared to analyst estimates of $41.80 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, sell-side analysts anticipate that Kingstone Companies, Inc. will post 1.4 EPS for the current year.

Insider Buying and Selling

In other news, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $16.18, for a total transaction of $165,893.54. Following the completion of the transaction, the director now directly owns 91,834 shares of the company’s stock, valued at approximately $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carla D’andre bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased 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 approximately $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 owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th.

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.