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

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

Kingstone Companies Stock Performance

NASDAQ:KINS opened at $13.90 on Wednesday. The business’s fifty day moving average is $10.09 and its 200 day moving average is $7.57. The firm has a market cap of $171.65 million, a price-to-earnings ratio of 10.69 and a beta of 0.55. 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 has a 52-week low of $1.95 and a 52-week high of $14.25.

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 analysts’ consensus estimates of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. The firm had revenue of $40.77 million for the quarter, compared to the consensus estimate of $41.80 million. During the same period in the prior year, the firm posted ($0.27) earnings per share. Research analysts predict that Kingstone Companies will post 1.36 EPS for the current year.

Insider Transactions at Kingstone Companies

In other news, Director Carla D’andre acquired 4,000 shares of Kingstone Companies stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of $10.98 per share, for a total transaction of $43,920.00. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.20% of the company’s stock.

Institutional Trading of Kingstone Companies

Several hedge funds and other institutional investors have recently bought and sold shares of KINS. Barclays PLC bought a new stake in shares of Kingstone Companies in the 3rd quarter worth approximately $49,000. Jane Street Group LLC bought a new position in shares of Kingstone Companies during the 3rd quarter valued at $170,000. State Street Corp raised its position in 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 purchasing an additional 5,600 shares during the period. XTX Topco Ltd bought a new stake in Kingstone Companies in the third quarter worth $290,000. Finally, Wolverine Trading LLC purchased a new stake in Kingstone Companies during the third quarter valued at about $304,000. Hedge funds and other institutional investors 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.