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 released on Wednesday morning.

Kingstone Companies Price Performance

KINS opened at $16.63 on Wednesday. Kingstone Companies has a 12-month low of $3.72 and a 12-month high of $19.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $15.94 and its 200-day simple moving average is $13.25. The company has a market capitalization of $205.36 million, a price-to-earnings ratio of 12.79 and a beta of 0.71.

Institutional Investors Weigh In On Kingstone Companies

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in Kingstone Companies during the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC boosted its position in Kingstone Companies by 370.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 2,242 shares in the last quarter. Barclays PLC acquired a new stake in Kingstone Companies in the third quarter worth about $49,000. JPMorgan Chase & Co. boosted its holdings in Kingstone Companies by 53,684.2% in the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock worth $94,000 after acquiring an additional 10,200 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Kingstone Companies in the fourth quarter worth about $103,000. 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.