Kingstone Companies (NASDAQ:KINS) Raised to “Buy” at Wall Street Zen

Kingstone Companies (NASDAQ:KINS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts also recently issued reports on KINS. Zacks Research upgraded shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Kingstone Companies in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kingstone Companies has a consensus rating of “Moderate Buy”.

Kingstone Companies Trading Up 0.4%

NASDAQ KINS opened at $15.90 on Friday. The firm has a market capitalization of $224.99 million, a PE ratio of 7.26 and a beta of 0.42. The business’s 50-day moving average price is $16.24 and its two-hundred day moving average price is $15.13. Kingstone Companies has a 12 month low of $13.08 and a 12 month high of $22.40.

Institutional Investors Weigh In On Kingstone Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC lifted its position in Kingstone Companies by 11.5% in the 4th quarter. Empowered Funds LLC now owns 34,091 shares of the insurance provider’s stock valued at $574,000 after acquiring an additional 3,506 shares in the last quarter. Man Group plc raised its stake in shares of Kingstone Companies by 6.8% in the fourth quarter. Man Group plc now owns 14,394 shares of the insurance provider’s stock worth $242,000 after purchasing an additional 922 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Kingstone Companies by 80.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 55,191 shares of the insurance provider’s stock valued at $929,000 after purchasing an additional 24,606 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Kingstone Companies by 13.8% during the fourth quarter. AQR Capital Management LLC now owns 42,272 shares of the insurance provider’s stock valued at $711,000 after buying an additional 5,111 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in shares of Kingstone Companies by 516.0% during the fourth quarter. Trexquant Investment LP now owns 66,098 shares of the insurance provider’s stock valued at $1,112,000 after buying an additional 55,367 shares during the last quarter. Institutional investors own 14.91% of the company’s stock.

Kingstone Companies Company Profile

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.