StockNews.com Upgrades Kingstone Companies (NASDAQ:KINS) to “Buy”

StockNews.com upgraded shares of Kingstone Companies (NASDAQ:KINS) from a hold rating to a buy rating in a report published on Wednesday morning.

Kingstone Companies Price Performance

Shares of NASDAQ KINS opened at $16.63 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $205.36 million, a PE ratio of 12.79 and a beta of 0.71. The business has a 50-day simple moving average of $15.94 and a two-hundred day simple moving average of $13.25. Kingstone Companies has a fifty-two week low of $3.72 and a fifty-two week high of $19.18.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Kingstone Companies in the fourth quarter worth about $26,000. Tower Research Capital LLC TRC raised its stake in shares of Kingstone Companies by 370.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 2,242 shares during the last quarter. Barclays PLC purchased a new position in shares of Kingstone Companies in the third quarter worth about $49,000. State of Wyoming purchased a new position in shares of Kingstone Companies in the fourth quarter worth about $103,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Kingstone Companies by 53,684.2% in the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 10,200 shares during the last quarter. 14.91% of the stock is currently owned by hedge funds and other 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.