Kingstone Companies (NASDAQ:KINS) Raised to Buy at StockNews.com

Kingstone Companies (NASDAQ:KINS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Kingstone Companies Stock Performance

Shares of NASDAQ:KINS opened at $15.46 on Wednesday. The firm has a 50 day moving average of $16.09 and a 200 day moving average of $12.85. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $190.96 million, a price-to-earnings ratio of 11.90 and a beta of 0.74. Kingstone Companies has a 52 week low of $3.58 and a 52 week high of $19.18.

Insider Transactions at Kingstone Companies

In other Kingstone Companies news, Director William L. Yankus sold 10,253 shares of Kingstone Companies stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $16.18, for a total value of $165,893.54. Following the transaction, the director now owns 91,834 shares in the company, valued at $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.20% of the company’s stock.

Institutional Trading of Kingstone Companies

Several hedge funds have recently modified their holdings of the company. Palisades Investment Partners LLC purchased a new position in shares of Kingstone Companies in the 4th quarter worth approximately $913,000. Squarepoint Ops LLC acquired a new stake in Kingstone Companies in the fourth quarter valued at approximately $331,000. State of Wyoming purchased a new position in Kingstone Companies in the fourth quarter worth $103,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Kingstone Companies during the fourth quarter worth $454,000. Finally, Millennium Management LLC lifted its holdings in shares of Kingstone Companies by 155.5% during the 4th quarter. Millennium Management LLC now owns 48,866 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 29,742 shares during the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

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.