Kingstone Companies Inc (KINS) Holdings Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in shares of Kingstone Companies Inc (NASDAQ:KINS) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,319 shares of the insurance provider’s stock after acquiring an additional 8,045 shares during the period. Janus Henderson Group PLC owned about 1.02% of Kingstone Companies worth $1,766,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KINS. Schwab Charles Investment Management Inc. acquired a new position in Kingstone Companies during the 2nd quarter worth $225,000. Bank of New York Mellon Corp grew its holdings in Kingstone Companies by 245.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 34,796 shares of the insurance provider’s stock worth $533,000 after acquiring an additional 24,715 shares in the last quarter. Royce & Associates LP grew its holdings in Kingstone Companies by 24.3% during the 2nd quarter. Royce & Associates LP now owns 607,511 shares of the insurance provider’s stock worth $9,295,000 after acquiring an additional 118,741 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Kingstone Companies by 300.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,098 shares of the insurance provider’s stock worth $139,000 after acquiring an additional 6,825 shares in the last quarter. Finally, Teachers Advisors LLC acquired a new position in Kingstone Companies during the 2nd quarter worth $254,000. 49.55% of the stock is owned by institutional investors.

Kingstone Companies Inc (KINS) opened at $18.80 on Monday. Kingstone Companies Inc has a fifty-two week low of $11.80 and a fifty-two week high of $19.60. The company has a market cap of $199.77, a PE ratio of 18.43 and a beta of 0.77.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Wednesday, November 29th. Kingstone Companies’s dividend payout ratio (DPR) is presently 31.37%.

KINS has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Kingstone Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a report on Sunday.

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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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