Kingstone Companies (NASDAQ:KINS) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Kingstone Companies (NASDAQ:KINS) from a hold rating to a buy rating in a report released on Friday morning.

Kingstone Companies Trading Up 19.1 %

Shares of NASDAQ:KINS opened at $21.67 on Friday. The company has a 50-day simple moving average of $16.67 and a 200 day simple moving average of $15.53. The company has a market capitalization of $297.55 million, a P/E ratio of 16.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. Kingstone Companies has a 52-week low of $4.01 and a 52-week high of $22.20.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Thursday, May 8th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. Sell-side analysts forecast that Kingstone Companies will post 1.4 earnings per share for the current year.

Hedge Funds Weigh In On Kingstone Companies

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Kingstone Companies in the 4th quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Kingstone Companies during the first quarter worth approximately $39,000. 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 last quarter. Barclays PLC bought a new position in shares of Kingstone Companies during the third quarter worth approximately $49,000. Finally, JPMorgan Chase & Co. lifted its holdings in Kingstone Companies by 53,684.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 10,200 shares during the last quarter. 14.91% of the stock is owned by 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.