Kingstone Companies (NASDAQ:KINS – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.
Kingstone Companies Price Performance
KINS opened at $15.36 on Thursday. Kingstone Companies has a 1 year low of $3.72 and a 1 year high of $19.18. The firm has a market capitalization of $189.68 million, a PE ratio of 11.82 and a beta of 0.71. 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 business’s 50-day moving average is $16.03 and its two-hundred day moving average is $13.52.
Institutional Investors Weigh In On Kingstone Companies
A number of large investors have recently modified their holdings of the business. Palisades Investment Partners LLC purchased a new stake in shares of Kingstone Companies during the fourth quarter worth about $913,000. Squarepoint Ops LLC purchased a new stake in shares of Kingstone Companies during the fourth quarter worth about $331,000. State of Wyoming purchased a new stake in shares of Kingstone Companies during the fourth quarter worth about $103,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Kingstone Companies during the fourth quarter worth about $454,000. Finally, Millennium Management LLC grew its stake in shares of Kingstone Companies by 155.5% during the fourth quarter. Millennium Management LLC now owns 48,866 shares of the insurance provider’s stock worth $742,000 after acquiring an additional 29,742 shares during the last quarter. Hedge funds and other institutional investors own 14.91% of the company’s stock.
Kingstone Companies Company Profile
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.
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