Kingstone Companies Inc (KINS) Position Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in shares of Kingstone Companies Inc (NASDAQ:KINS) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,100 shares of the insurance provider’s stock after selling 21,582 shares during the quarter. Renaissance Technologies LLC owned about 2.20% of Kingstone Companies worth $3,956,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KINS. Russell Investments Group Ltd. bought a new position in Kingstone Companies during the 1st quarter worth approximately $123,000. First Trust Advisors LP bought a new position in Kingstone Companies during the 2nd quarter worth approximately $176,000. Globeflex Capital L P boosted its stake in Kingstone Companies by 14.8% during the 2nd quarter. Globeflex Capital L P now owns 45,700 shares of the insurance provider’s stock worth $772,000 after acquiring an additional 5,900 shares during the last quarter. Salzhauer Michael boosted its stake in Kingstone Companies by 9.8% during the 2nd quarter. Salzhauer Michael now owns 64,989 shares of the insurance provider’s stock worth $1,098,000 after acquiring an additional 5,785 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Kingstone Companies by 5.0% during the 1st 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. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of KINS stock opened at $18.06 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $202.61 million, a price-to-earnings ratio of 19.21 and a beta of 1.08. Kingstone Companies Inc has a 52 week low of $13.20 and a 52 week high of $21.70.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Thursday, August 9th. The insurance provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.07). The company had revenue of $27.55 million for the quarter, compared to analyst estimates of $29.70 million. Kingstone Companies had a return on equity of 7.16% and a net margin of 5.83%. On average, analysts forecast that Kingstone Companies Inc will post 0.9 EPS for the current year.

In related news, Director Carla D’andre bought 2,000 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were purchased at an average cost of $16.67 per share, for a total transaction of $33,340.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 6,000 shares of company stock worth $100,720 over the last 90 days. Corporate insiders own 10.30% of the company’s stock.

KINS has been the topic of several research analyst reports. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Boenning Scattergood set a $20.00 target price on shares of Kingstone Companies and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, Zacks Investment Research downgraded shares of Kingstone Companies from a “hold” rating to a “strong sell” rating in a report on Saturday, July 21st.

Kingstone Companies Profile

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.

Further Reading: Diversification For Individual Investors

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

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