Kingstone Companies (NASDAQ:KINS) Stock Rating Lowered by StockNews.com

Kingstone Companies (NASDAQ:KINS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Kingstone Companies Trading Up 0.7%

NASDAQ KINS opened at $17.32 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies has a 1-year low of $4.55 and a 1-year high of $22.40. The firm’s fifty day simple moving average is $16.96 and its 200-day simple moving average is $15.87. The company has a market capitalization of $237.82 million, a PE ratio of 13.32 and a beta of 0.60.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, May 8th. The insurance provider reported $0.17 earnings per share for the quarter. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. As a group, sell-side analysts anticipate that Kingstone Companies will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of Kingstone Companies

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of Kingstone Companies by 8.1% in the 4th 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 last quarter. Palisades Investment Partners LLC raised its holdings in Kingstone Companies by 1.8% during the first quarter. Palisades Investment Partners LLC now owns 61,205 shares of the insurance provider’s stock valued at $1,019,000 after buying an additional 1,080 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Kingstone Companies by 9.2% in the first quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider’s stock worth $287,000 after buying an additional 1,448 shares during the last quarter. Jump Financial LLC lifted 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 worth $364,000 after buying an additional 1,495 shares during the last quarter. Finally, Cruiser Capital Advisors LLC boosted its stake in shares of Kingstone Companies by 3.6% during the 4th quarter. Cruiser Capital Advisors LLC now owns 44,520 shares of the insurance provider’s stock worth $676,000 after acquiring an additional 1,560 shares in the last quarter. 14.91% of the stock is currently owned by institutional investors and hedge funds.

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.