Kingstone Companies (NASDAQ:KINS) Downgraded to “Hold” Rating by StockNews.com

Kingstone Companies (NASDAQ:KINS) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Kingstone Companies Trading Down 2.9 %

NASDAQ:KINS opened at $15.11 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies has a 12 month low of $1.95 and a 12 month high of $17.77. The company has a market cap of $186.59 million, a PE ratio of 11.62 and a beta of 0.71. The company has a 50 day simple moving average of $12.20 and a two-hundred day simple moving average of $8.79.

Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. The business had revenue of $40.77 million during the quarter, compared to the consensus estimate of $41.80 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. Research analysts forecast that Kingstone Companies will post 1.4 earnings per share for the current year.

Insiders Place Their Bets

In other Kingstone Companies news, Director Carla D’andre purchased 4,000 shares of the company’s stock in a transaction dated 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 purchase, the director now directly owns 4,000 shares of the company’s stock, valued at $43,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC purchased a new position in shares of Kingstone Companies during the 3rd quarter worth $49,000. Jane Street Group LLC purchased a new position in shares of Kingstone Companies during the 3rd quarter worth $170,000. State Street Corp boosted its stake in shares of Kingstone Companies by 22.7% during the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 5,600 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Kingstone Companies during the 3rd quarter worth $290,000. Finally, Wolverine Trading LLC purchased a new position in shares of Kingstone Companies during the 3rd quarter worth $304,000. 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.