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

Kingstone Companies (NASDAQ:KINS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Kingstone Companies Stock Up 2.6 %

KINS stock opened at $15.44 on Thursday. 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 twelve month low of $3.72 and a twelve month high of $19.18. The company’s 50 day moving average is $15.97 and its two-hundred day moving average is $13.45. The stock has a market cap of $190.67 million, a P/E ratio of 11.88 and a beta of 0.71.

Institutional Trading of Kingstone Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KINS. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Kingstone Companies during the third quarter worth approximately $1,658,000. State Street Corp raised its holdings in Kingstone Companies by 22.7% during the third quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock worth $277,000 after purchasing an additional 5,600 shares in the last quarter. Wolverine Trading LLC acquired a new stake in Kingstone Companies during the third quarter worth approximately $304,000. Jane Street Group LLC acquired a new stake in Kingstone Companies during the third quarter worth approximately $170,000. Finally, XTX Topco Ltd acquired a new position in shares of Kingstone Companies in the 3rd quarter valued at $290,000. 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.