Squarepoint Ops LLC Acquires 68,055 Shares of Kingstone Companies, Inc $KINS

Squarepoint Ops LLC increased its holdings in shares of Kingstone Companies, Inc (NASDAQ:KINS) by 201.9% during the second quarter, Holdings Channel.com reports. The firm owned 101,757 shares of the insurance provider’s stock after buying an additional 68,055 shares during the period. Squarepoint Ops LLC’s holdings in Kingstone Companies were worth $1,568,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming lifted its holdings in Kingstone Companies by 29.0% during the second quarter. State of Wyoming now owns 27,065 shares of the insurance provider’s stock worth $417,000 after buying an additional 6,082 shares during the period. Corient Private Wealth LLC raised its position in shares of Kingstone Companies by 25.0% in the 2nd quarter. Corient Private Wealth LLC now owns 25,000 shares of the insurance provider’s stock worth $385,000 after acquiring an additional 5,000 shares in the last quarter. MML Investors Services LLC raised its position in shares of Kingstone Companies by 2.5% in the 2nd quarter. MML Investors Services LLC now owns 90,837 shares of the insurance provider’s stock worth $1,400,000 after acquiring an additional 2,249 shares in the last quarter. Man Group plc lifted its stake in shares of Kingstone Companies by 389.5% during the 2nd quarter. Man Group plc now owns 85,787 shares of the insurance provider’s stock worth $1,322,000 after purchasing an additional 68,263 shares during the last quarter. Finally, Great Valley Advisor Group Inc. bought a new stake in Kingstone Companies during the second quarter valued at about $186,000. 14.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on KINS shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kingstone Companies in a report on Monday. Wall Street Zen lowered shares of Kingstone Companies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Kingstone Companies Stock Performance

Shares of NASDAQ KINS opened at $16.94 on Friday. Kingstone Companies, Inc has a fifty-two week low of $13.08 and a fifty-two week high of $22.40. The company has a market cap of $239.70 million, a PE ratio of 7.74 and a beta of 0.42. The business has a 50-day simple moving average of $15.04 and a two-hundred day simple moving average of $14.85.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Thursday, November 6th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The firm had revenue of $55.65 million for the quarter, compared to the consensus estimate of $53.20 million. Kingstone Companies had a net margin of 15.68% and a return on equity of 33.69%. On average, sell-side analysts predict that Kingstone Companies, Inc will post 1.4 earnings per share for the current fiscal year.

Kingstone Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. Kingstone Companies’s dividend payout ratio (DPR) is currently 9.13%.

Kingstone Companies Profile

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.