Kingstone Companies (NASDAQ:KINS) Rating Lowered to “Hold” at StockNews.com

Kingstone Companies (NASDAQ:KINS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Kingstone Companies Stock Down 2.9 %

KINS opened at $15.11 on Wednesday. The stock has a market cap of $186.59 million, a PE ratio of 11.62 and a beta of 0.71. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies has a 52 week low of $1.95 and a 52 week high of $17.77. The business’s fifty day simple moving average is $12.20 and its 200 day simple moving average is $8.79.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $41.80 million. During the same period last year, the firm earned ($0.27) earnings per share. As a group, research analysts expect that Kingstone Companies will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at Kingstone Companies

In related news, Director Carla D’andre acquired 4,000 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $10.98 per share, for a total transaction of $43,920.00. Following the completion of the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $43,920. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kingstone Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC bought a new position in shares of Kingstone Companies during the third quarter valued at approximately $49,000. Jane Street Group LLC bought a new position in shares of Kingstone Companies during the third quarter valued at approximately $170,000. State Street Corp increased its stake in shares of Kingstone Companies by 22.7% during the third quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 5,600 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Kingstone Companies during the third quarter valued at approximately $290,000. Finally, Wolverine Trading LLC bought a new position in shares of Kingstone Companies during the third quarter valued at approximately $304,000. Institutional investors 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.