Kingstone Companies (NASDAQ:KINS) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Kingstone Companies (NASDAQ:KINS) issued its earnings results on Thursday. The insurance provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04, Zacks reports. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%.

Kingstone Companies Stock Performance

Shares of NASDAQ KINS traded down $0.60 during mid-day trading on Thursday, hitting $13.67. The company had a trading volume of 293,745 shares, compared to its average volume of 285,029. The stock has a market cap of $168.81 million, a price-to-earnings ratio of 10.52 and a beta of 0.71. Kingstone Companies has a 12 month low of $3.72 and a 12 month high of $19.18. 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 firm’s 50 day simple moving average is $15.96 and its two-hundred day simple moving average is $13.25.

Insider Buying and Selling

In related news, Director William L. Yankus sold 10,253 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $16.18, for a total value of $165,893.54. Following the sale, the director now directly owns 91,834 shares in the company, valued at $1,485,874.12. This trade represents a 10.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Kingstone Companies from a “hold” rating to a “buy” rating in a report on Wednesday.

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.