Kingstone Companies (NASDAQ:KINS) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Kingstone Companies (NASDAQ:KINS) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Kingstone Companies Stock Performance

Kingstone Companies stock opened at $15.83 on Thursday. 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 has a 50-day moving average of $16.01 and a 200-day moving average of $13.48. The firm has a market cap of $195.48 million, a P/E ratio of 12.18 and a beta of 0.71. Kingstone Companies has a 1-year low of $3.72 and a 1-year high of $19.18.

Institutional Trading of Kingstone Companies

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of Kingstone Companies by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 515,989 shares of the insurance provider’s stock worth $7,838,000 after purchasing an additional 69,400 shares during the period. Marshall Wace LLP lifted its holdings in Kingstone Companies by 223.5% in the fourth quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider’s stock worth $4,286,000 after buying an additional 194,952 shares during the period. Angel Oak Capital Advisors LLC purchased a new stake in Kingstone Companies in the fourth quarter worth about $3,704,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Kingstone Companies in the third quarter worth about $1,658,000. Finally, Raymond James Financial Inc. purchased a new stake in Kingstone Companies in the fourth quarter worth about $2,371,000. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

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.