FNY Investment Advisers LLC Sells 1,031 Shares of Kingstone Companies, Inc. (NASDAQ:KINS)

FNY Investment Advisers LLC lowered its stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 7.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,000 shares of the insurance provider’s stock after selling 1,031 shares during the quarter. FNY Investment Advisers LLC’s holdings in Kingstone Companies were worth $197,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Kingstone Companies by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock worth $546,000 after acquiring an additional 7,320 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Kingstone Companies by 5.5% in the second quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider’s stock worth $1,847,000 after purchasing an additional 19,201 shares during the period. Evernest Financial Advisors LLC bought a new position in shares of Kingstone Companies during the third quarter worth $1,184,000. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Kingstone Companies during the third quarter worth $1,658,000. Finally, State Street Corp grew its holdings 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 buying an additional 5,600 shares during the period. 14.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Carla D’andre acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average cost of $10.98 per share, for a total transaction of $43,920.00. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at $43,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $16.18, for a total value of $165,893.54. Following the completion of the sale, the director now owns 91,834 shares in the company, valued at $1,485,874.12. The trade was a 10.04 % decrease in their position. The disclosure for this sale can be found here. 12.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Kingstone Companies Trading Up 4.8 %

NASDAQ:KINS opened at $14.33 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50-day simple moving average is $14.75 and its 200-day simple moving average is $10.55. Kingstone Companies, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $18.08. The stock has a market capitalization of $176.96 million, a PE ratio of 11.02 and a beta of 0.74.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $40.77 million for the quarter, compared to the consensus estimate of $41.80 million. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. During the same period last year, the company posted ($0.27) EPS. Sell-side analysts expect that Kingstone Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

About Kingstone Companies

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.