Kingstone Companies (NASDAQ:KINS - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday.
Kingstone Companies Trading Up 1.2 %
Shares of KINS opened at $13.89 on Wednesday. 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's 50-day moving average is $16.01 and its two-hundred day moving average is $13.21. Kingstone Companies has a twelve month low of $3.72 and a twelve month high of $19.18. The firm has a market capitalization of $171.53 million, a P/E ratio of 10.68 and a beta of 0.71.
Insider Activity
In other news, Director William L. Yankus sold 10,253 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 91,834 shares in the company, valued at $1,485,874.12. This represents a 10.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.20% of the company's stock.
Institutional Trading of Kingstone Companies
Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Kingstone Companies during the fourth quarter worth approximately $26,000. Tower Research Capital LLC TRC boosted its position in Kingstone Companies by 370.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock worth $43,000 after acquiring an additional 2,242 shares during the last quarter. Barclays PLC acquired a new stake in Kingstone Companies during the third quarter worth approximately $49,000. JPMorgan Chase & Co. boosted its position in Kingstone Companies by 53,684.2% during the third 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 last quarter. Finally, State of Wyoming purchased a new position in Kingstone Companies during the fourth quarter worth approximately $103,000. Institutional investors and hedge funds own 14.91% of the company's stock.
Kingstone Companies Company Profile
(
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.
See Also
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