Kingstone Companies (NASDAQ:KINS) Upgraded at StockNews.com

StockNews.com upgraded shares of Kingstone Companies (NASDAQ:KINS) from a hold rating to a buy rating in a research note released on Wednesday.

Kingstone Companies Stock Up 3.6 %

KINS stock opened at $16.06 on Wednesday. The firm has a market cap of $198.32 million, a PE ratio of 12.35 and a beta of 0.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. The firm’s fifty day moving average is $16.07 and its 200 day moving average is $12.87. Kingstone Companies has a one year low of $3.58 and a one year high of $19.18.

Insider Activity at Kingstone Companies

In other news, Director William L. Yankus sold 10,253 shares of Kingstone Companies stock in a transaction dated 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 owns 91,834 shares in the company, valued at $1,485,874.12. This trade represents a 10.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.20% of the stock is owned by company insiders.

Institutional Trading of Kingstone Companies

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Kingstone Companies by 8.1% in the fourth quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 823 shares during the period. Jump Financial LLC grew its position in shares of Kingstone Companies by 6.6% in the fourth quarter. Jump Financial LLC now owns 23,996 shares of the insurance provider’s stock valued at $364,000 after purchasing an additional 1,495 shares during the period. Cruiser Capital Advisors LLC grew its position in shares of Kingstone Companies by 3.6% in the fourth quarter. Cruiser Capital Advisors LLC now owns 44,520 shares of the insurance provider’s stock valued at $676,000 after purchasing an additional 1,560 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Kingstone Companies in the fourth quarter valued at about $26,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Kingstone Companies by 370.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 2,242 shares during the period. Institutional investors and hedge funds own 14.91% of the company’s stock.

About Kingstone Companies

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.