Kingstone Companies (NASDAQ:KINS) Upgraded at StockNews.com

Kingstone Companies (NASDAQ:KINS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Kingstone Companies Price Performance

Shares of NASDAQ KINS opened at $13.29 on Wednesday. Kingstone Companies has a twelve month low of $1.95 and a twelve month high of $13.54. The stock’s 50 day moving average price is $9.99 and its 200-day moving average price is $7.52. The company has a market capitalization of $164.12 million, a PE ratio of 10.22 and a beta of 0.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. The firm had revenue of $40.77 million for the quarter, compared to the consensus estimate of $41.80 million. During the same quarter in the previous year, the business earned ($0.27) EPS. On average, equities analysts anticipate that Kingstone Companies will post 1.36 EPS for the current year.

Insider Activity at Kingstone Companies

In other news, Director Carla D’andre acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the completion of the purchase, the director now owns 4,000 shares in the company, valued at approximately $43,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 12.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kingstone Companies

Several institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new position in Kingstone Companies in the third quarter valued at approximately $49,000. State Street Corp raised its holdings in Kingstone Companies by 22.7% during the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 5,600 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 valued at $546,000 after acquiring an additional 7,320 shares during the period. Geode Capital Management LLC raised its holdings in Kingstone Companies by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider’s stock valued at $878,000 after acquiring an additional 12,134 shares during the period. Finally, Jane Street Group LLC bought a new stake in Kingstone Companies during the 3rd quarter valued at $170,000. Hedge funds and other institutional investors own 14.91% of the company’s stock.

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.