Kingstone Companies (NASDAQ:KINS - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.
Kingstone Companies Trading Up 3.6 %
Shares of KINS traded up $0.56 during trading hours on Wednesday, hitting $16.06. The stock had a trading volume of 264,111 shares, compared to its average volume of 275,428. Kingstone Companies has a 12-month low of $3.58 and a 12-month high of $19.18. The firm has a market cap of $198.32 million, a P/E ratio of 12.35 and a beta of 0.74. 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's fifty day simple moving average is $16.04 and its 200 day simple moving average is $12.96.
Insider Buying and Selling at Kingstone Companies
In other news, Director William L. Yankus sold 10,253 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $16.18, for a total value 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 trade represents a 10.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.20% of the stock is currently owned by corporate insiders.
Institutional Trading of Kingstone Companies
Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Kingstone Companies during the fourth quarter worth about $26,000. Tower Research Capital LLC TRC raised its holdings in shares of Kingstone Companies by 370.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock valued at $43,000 after buying an additional 2,242 shares during the period. Barclays PLC acquired a new position in Kingstone Companies during the 3rd quarter worth approximately $49,000. JPMorgan Chase & Co. boosted its holdings in Kingstone Companies by 53,684.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock worth $94,000 after acquiring an additional 10,200 shares during the period. Finally, State of Wyoming acquired a new stake in Kingstone Companies in the fourth quarter valued at approximately $103,000. 14.91% of the stock is owned by hedge funds and other institutional investors.
About Kingstone Companies
(
Get Free Report)
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.
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