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 note issued to investors on Wednesday.

Kingstone Companies Stock Down 0.5 %

NASDAQ:KINS opened at $13.83 on Wednesday. The firm has a market cap of $170.80 million, a P/E ratio of 10.72 and a beta of 0.55. The firm has a 50-day simple moving average of $10.09 and a two-hundred day simple moving average of $7.57. Kingstone Companies has a fifty-two week low of $1.95 and a fifty-two week high of $14.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $40.77 million for the quarter, compared to the consensus estimate of $41.80 million. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. Analysts predict that Kingstone Companies will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kingstone Companies news, Director Carla D’andre bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at $43,920. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in Kingstone Companies during the third quarter worth approximately $49,000. Jane Street Group LLC purchased a new position in Kingstone Companies during the 3rd quarter valued at about $170,000. State Street Corp raised its position in shares of Kingstone Companies by 22.7% in the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 5,600 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Kingstone Companies in the 3rd quarter worth approximately $290,000. Finally, Wolverine Trading LLC acquired a new position in Kingstone Companies during the 3rd quarter valued at about $304,000. 14.91% of the stock is currently 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.