Cincinnati Life Insurance Co. Takes $619,000 Position in Kingstone Companies, Inc $KINS

Cincinnati Life Insurance Co. bought a new position in shares of Kingstone Companies, Inc (NASDAQ:KINS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 42,080 shares of the insurance provider’s stock, valued at approximately $619,000. Kingstone Companies comprises about 100.0% of Cincinnati Life Insurance Co.’s portfolio, making the stock its biggest holding. Cincinnati Life Insurance Co. owned about 0.30% of Kingstone Companies as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KINS. Millennium Management LLC boosted its position in Kingstone Companies by 484.9% during the first quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock worth $4,759,000 after purchasing an additional 236,968 shares during the period. De Lisle Partners LLP lifted its stake in shares of Kingstone Companies by 179.5% during the 2nd quarter. De Lisle Partners LLP now owns 267,488 shares of the insurance provider’s stock worth $4,120,000 after buying an additional 171,778 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kingstone Companies by 130.9% during the 2nd quarter. Geode Capital Management LLC now owns 253,624 shares of the insurance provider’s stock worth $3,909,000 after buying an additional 143,806 shares during the period. Bank of America Corp DE boosted its holdings in shares of Kingstone Companies by 125,492.8% during the 2nd quarter. Bank of America Corp DE now owns 104,242 shares of the insurance provider’s stock worth $1,606,000 after buying an additional 104,159 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in Kingstone Companies in the 2nd quarter valued at about $1,476,000. Institutional investors own 14.91% of the company’s stock.

Analyst Ratings Changes

KINS has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Kingstone Companies in a report on Monday, December 29th. Wall Street Zen cut Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Kingstone Companies has an average rating of “Buy”.

Kingstone Companies Stock Down 0.9%

Shares of NASDAQ:KINS opened at $15.90 on Tuesday. The firm has a market cap of $224.99 million, a P/E ratio of 7.26 and a beta of 0.42. Kingstone Companies, Inc has a 12-month low of $13.08 and a 12-month high of $22.40. The business has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $15.12.

Kingstone Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. Kingstone Companies’s dividend payout ratio (DPR) is 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.