Kingstone Companies (NASDAQ:KINS - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report issued on Thursday.
Kingstone Companies Stock Down 3.0 %
Shares of NASDAQ KINS traded down $0.47 during mid-day trading on Thursday, hitting $15.36. The company had a trading volume of 190,229 shares, compared to its average volume of 183,600. 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 50-day simple moving average of $16.03 and a two-hundred day simple moving average of $13.56. The company has a market capitalization of $189.68 million, a PE ratio of 11.82 and a beta of 0.71. Kingstone Companies has a one year low of $3.79 and a one year high of $19.18.
Hedge Funds Weigh In On Kingstone Companies
A number of institutional investors have recently added to or reduced their stakes in KINS. Angel Oak Capital Advisors LLC acquired a new stake in Kingstone Companies in the fourth quarter valued at $3,704,000. Marshall Wace LLP lifted its stake in Kingstone Companies by 223.5% in the 4th quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider's stock valued at $4,286,000 after purchasing an additional 194,952 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Kingstone Companies in the 3rd quarter valued at about $1,658,000. Raymond James Financial Inc. bought a new position in Kingstone Companies during the fourth quarter worth about $2,371,000. Finally, LPL Financial LLC bought a new stake in Kingstone Companies in the fourth quarter valued at approximately $1,105,000. 14.91% of the stock is currently owned by institutional investors and hedge funds.
About Kingstone Companies
(
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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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