Kingstone Companies (NASDAQ:KINS) Stock Rating Upgraded by StockNews.com

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

Kingstone Companies Price Performance

KINS stock opened at $13.90 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. The stock has a market capitalization of $171.65 million, a price-to-earnings ratio of 10.69 and a beta of 0.55. Kingstone Companies has a 12-month low of $1.95 and a 12-month high of $14.25. The firm’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $7.57.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $41.80 million. During the same period in the previous year, the firm earned ($0.27) EPS. As a group, equities analysts predict that Kingstone Companies will post 1.36 earnings per share for the current year.

Insiders Place Their Bets

In other Kingstone Companies news, Director Carla D’andre bought 4,000 shares of Kingstone Companies stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of $10.98 per share, with a total value of $43,920.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $43,920. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.20% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC purchased a new position in Kingstone Companies during the third quarter valued at $49,000. Geode Capital Management LLC grew its holdings in shares of Kingstone Companies by 14.5% during the third 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 last quarter. XTX Topco Ltd bought a new stake in shares of Kingstone Companies in the 3rd quarter worth $290,000. Jane Street Group LLC bought a new stake in Kingstone Companies in the 3rd quarter worth about $170,000. Finally, Wolverine Trading LLC bought a new stake in Kingstone Companies in the 3rd quarter worth approximately $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.