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

Kingstone Companies (NASDAQ:KINS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Kingstone Companies Trading Up 3.5 %

NASDAQ KINS opened at $13.29 on Wednesday. The stock has a 50-day simple moving average of $9.99 and a 200 day simple moving average of $7.52. The company has a market capitalization of $164.12 million, a PE ratio of 10.22 and a beta of 0.55. 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 $13.54.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $40.77 million during the quarter, compared to the consensus estimate of $41.80 million. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. During the same period in the prior year, the company earned ($0.27) earnings per share. Research analysts forecast that Kingstone Companies will post 1.36 EPS for the current year.

Insiders Place Their Bets

In related news, Director Carla D’andre bought 4,000 shares of the business’s stock in a transaction on 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 acquisition, the director now owns 4,000 shares of the company’s stock, valued at $43,920. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its position in Kingstone Companies by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider’s stock valued at $1,847,000 after buying an additional 19,201 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in Kingstone Companies during the 3rd quarter worth approximately $1,658,000. Evernest Financial Advisors LLC bought a new stake in Kingstone Companies during the 3rd quarter worth approximately $1,184,000. Dimensional Fund Advisors LP increased its holdings in Kingstone Companies by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock worth $546,000 after purchasing an additional 7,320 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Kingstone Companies by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider’s stock worth $878,000 after purchasing an additional 12,134 shares in the last quarter. 14.91% of the stock is owned by institutional investors.

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.