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

StockNews.com upgraded shares of Kingstone Companies (NASDAQ:KINS) from a hold rating to a buy rating in a research note published on Wednesday morning.

Kingstone Companies Stock Performance

Shares of Kingstone Companies stock opened at $15.15 on Wednesday. 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 has a 52 week low of $1.95 and a 52 week high of $15.82. The firm’s 50 day moving average is $10.18 and its two-hundred day moving average is $7.61. The firm has a market capitalization of $187.10 million, a P/E ratio of 12.05 and a beta of 0.55.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts’ expectations of $41.80 million. During the same quarter in the prior year, the business posted ($0.27) EPS. Research analysts forecast that Kingstone Companies will post 1.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Kingstone Companies news, Director Carla D’andre acquired 4,000 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $10.98 per share, with a total value of $43,920.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $43,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kingstone Companies

Several hedge funds have recently made changes to their positions in the business. Barclays PLC purchased a new stake in Kingstone Companies during the 3rd quarter valued at approximately $49,000. State Street Corp increased its holdings in shares of Kingstone Companies by 22.7% in the third quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 5,600 shares during the period. Dimensional Fund Advisors LP increased its stake in Kingstone Companies by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock valued at $546,000 after buying an additional 7,320 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Kingstone Companies by 14.5% in the 3rd quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider’s stock valued at $878,000 after buying an additional 12,134 shares during the period. Finally, Jane Street Group LLC purchased a new position in Kingstone Companies during the third quarter worth $170,000. Institutional investors and hedge funds 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.