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

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

Kingstone Companies Price Performance

KINS opened at $15.27 on Wednesday. The stock’s 50-day moving average price is $16.09 and its 200 day moving average price is $12.85. Kingstone Companies has a 12-month low of $3.10 and a 12-month high of $19.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The firm has a market cap of $188.57 million, a price-to-earnings ratio of 11.75 and a beta of 0.74.

Insider Buying and Selling

In related news, Director William L. Yankus sold 10,253 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $16.18, for a total transaction of $165,893.54. Following the transaction, the director now owns 91,834 shares of the company’s stock, valued at approximately $1,485,874.12. This represents a 10.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kingstone Companies

Several hedge funds have recently bought and sold shares of KINS. SBI Securities Co. Ltd. acquired a new stake in Kingstone Companies in the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC increased its holdings in shares of Kingstone Companies by 370.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 2,242 shares during the last quarter. Barclays PLC purchased a new position in shares of Kingstone Companies in the 3rd quarter valued at about $49,000. JPMorgan Chase & Co. increased its holdings in shares of Kingstone Companies by 53,684.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 10,200 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Kingstone Companies in the 4th quarter valued at about $103,000. 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.