Kingstone Companies (NASDAQ:KINS) Stock Rating Upgraded by StockNews.com

Kingstone Companies (NASDAQ:KINS - Get Free Report) was upgraded by 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 4.6 %

Shares of NASDAQ:KINS traded up $0.61 during trading hours on Wednesday, hitting $13.90. 541,303 shares of the company's stock traded hands, compared to its average volume of 90,616. The firm has a market capitalization of $171.65 million, a P/E ratio of 10.70 and a beta of 0.55. Kingstone Companies has a 1 year low of $1.95 and a 1 year high of $14.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. The business has a fifty day moving average price of $9.99 and a 200-day moving average price of $7.52.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. The firm had revenue of $40.77 million during the quarter, compared to analysts' expectations of $41.80 million. During the same period last year, the business posted ($0.27) earnings per share. Equities analysts expect that Kingstone Companies will post 1.36 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Carla D'andre bought 4,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at $43,920. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Kingstone Companies

Several hedge funds have recently added to or reduced their stakes in KINS. Renaissance Technologies LLC raised its holdings in shares of Kingstone Companies by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider's stock valued at $1,847,000 after purchasing an additional 19,201 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Kingstone Companies in the third quarter valued at $1,658,000. Evernest Financial Advisors LLC purchased a new stake in Kingstone Companies during the 3rd quarter worth about $1,184,000. Dimensional Fund Advisors LP lifted its holdings in Kingstone Companies by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider's stock worth $546,000 after buying an additional 7,320 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Kingstone Companies by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider's stock worth $878,000 after acquiring an additional 12,134 shares in the last quarter. Institutional investors and hedge funds own 14.91% of the company's stock.

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.