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

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

Kingstone Companies Trading Down 3.0 %

NASDAQ KINS opened at $15.36 on Thursday. The firm has a 50 day simple moving average of $16.03 and a 200-day simple moving average of $13.56. 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 one year low of $3.79 and a one year high of $19.18. The firm has a market cap of $189.68 million, a price-to-earnings ratio of 11.82 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake 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 boosted its stake 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 raised its holdings in 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 acquiring an additional 1,560 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Kingstone Companies in the fourth quarter valued at approximately $26,000. Finally, Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 2,242 shares in the last quarter. Hedge funds and other 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.