Cadence Capital Management LLC raised its stake in shares of Kingstone Companies Inc (NASDAQ:KINS) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,805 shares of the insurance provider’s stock after buying an additional 10,349 shares during the quarter. Cadence Capital Management LLC’s holdings in Kingstone Companies were worth $2,215,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KINS. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Kingstone Companies by 36.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,985 shares of the insurance provider’s stock worth $179,000 after purchasing an additional 2,907 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Kingstone Companies by 300.3% in the second quarter. JPMorgan Chase & Co. now owns 9,098 shares of the insurance provider’s stock worth $139,000 after purchasing an additional 6,825 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Kingstone Companies by 8.0% in the third quarter. Janus Henderson Group PLC now owns 108,319 shares of the insurance provider’s stock worth $1,766,000 after purchasing an additional 8,045 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Kingstone Companies in the second quarter worth $139,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Kingstone Companies in the second quarter worth $148,000. Institutional investors and hedge funds own 49.53% of the company’s stock.

Kingstone Companies Inc (NASDAQ:KINS) opened at $19.40 on Friday. Kingstone Companies Inc has a one year low of $12.00 and a one year high of $21.70. The firm has a market capitalization of $207.21, a price-to-earnings ratio of 19.02 and a beta of 0.84.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Thursday, November 9th. The insurance provider reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. Kingstone Companies had a return on equity of 12.28% and a net margin of 11.59%. The firm had revenue of $21.50 million during the quarter, compared to analysts’ expectations of $22.15 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 37.4% on a year-over-year basis. analysts forecast that Kingstone Companies Inc will post 1.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.40 annualized dividend and a dividend yield of 2.06%. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.08. Kingstone Companies’s payout ratio is presently 31.37%.

Several research firms have recently weighed in on KINS. ValuEngine upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research upgraded Kingstone Companies from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, November 14th.

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Kingstone Companies Profile

Kingstone Companies, Inc offers property and casualty insurance products to small businesses and individuals in New York State. The Company offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance company. The Company operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers.

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

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