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

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 Wednesday.

Kingstone Companies Trading Up 1.2 %

Shares of NASDAQ KINS traded up $0.18 during mid-day trading on Wednesday, hitting $15.56. 211,839 shares of the company traded hands, compared to its average volume of 111,527. The business has a 50 day moving average of $12.08 and a two-hundred day moving average of $8.75. The stock has a market capitalization of $192.15 million, a price-to-earnings ratio of 11.97 and a beta of 0.71. Kingstone Companies has a 1 year low of $1.95 and a 1 year high of $17.77. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $40.77 million during the quarter, compared to the consensus estimate of $41.80 million. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. During the same period last year, the business earned ($0.27) EPS. On average, sell-side analysts anticipate that Kingstone Companies will post 1.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Carla D’andre acquired 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $10.98 per share, with a total value of $43,920.00. Following the completion of the acquisition, the director now owns 4,000 shares of the company’s stock, valued at $43,920. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 12.20% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

Several large investors have recently made changes to their positions in the company. Barclays PLC acquired a new stake in shares of Kingstone Companies in the 3rd quarter valued at $49,000. Jane Street Group LLC bought a new position in Kingstone Companies during the 3rd quarter worth about $170,000. State Street Corp boosted its holdings in Kingstone Companies by 22.7% during the third quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock worth $277,000 after purchasing an additional 5,600 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Kingstone Companies during the 3rd quarter worth approximately $290,000. Finally, Wolverine Trading LLC acquired a new position in Kingstone Companies in the 3rd quarter valued at about $304,000. Institutional investors own 14.91% of the company’s stock.

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.