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

Evernest Financial Advisors LLC decreased its stake in Kingstone Companies, Inc. (NASDAQ:KINS) by 15.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 110,025 shares of the insurance provider’s stock after selling 19,375 shares during the period. Evernest Financial Advisors LLC’s holdings in Kingstone Companies were worth $1,671,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft purchased a new stake in Kingstone Companies in the fourth quarter valued at $191,000. Ritholtz Wealth Management increased its position in shares of Kingstone Companies by 138.6% during the fourth quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider’s stock worth $602,000 after purchasing an additional 23,040 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Kingstone Companies by 53,684.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 10,200 shares during the last quarter. Barclays PLC acquired a new stake in shares of Kingstone Companies in the 3rd quarter valued at about $49,000. Finally, Geode Capital Management LLC grew its stake in Kingstone Companies by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider’s stock worth $878,000 after buying an additional 12,134 shares during the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kingstone Companies

In other news, Director William L. Yankus sold 10,253 shares of the business’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 transaction, the director now directly owns 91,834 shares in the company, valued at $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carla D’andre acquired 4,000 shares of Kingstone Companies stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $10.98 per share, with a total value of $43,920.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at $43,920. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kingstone Companies Trading Up 2.3 %

Shares of Kingstone Companies stock opened at $16.60 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $205.01 million, a P/E ratio of 12.77 and a beta of 0.74. Kingstone Companies, Inc. has a 1 year low of $2.97 and a 1 year high of $18.08. The company’s fifty day moving average is $15.56 and its two-hundred day moving average is $11.36.

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, meeting the consensus estimate of $0.50. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. The firm had revenue of $40.77 million for the quarter, compared to analysts’ expectations of $41.80 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. Analysts forecast that Kingstone Companies, Inc. will post 1.4 earnings per share for the current year.

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.