Kingstone Companies (NASDAQ:KINS) Upgraded at StockNews.com

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

Kingstone Companies Trading Up 3.6 %

NASDAQ KINS opened at $16.06 on Wednesday. The company has a fifty day simple moving average of $16.07 and a two-hundred day simple moving average of $12.87. The stock has a market cap of $198.32 million, a P/E ratio of 12.35 and a beta of 0.74. Kingstone Companies has a 12-month low of $3.58 and a 12-month high of $19.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29.

Insiders Place Their Bets

In other Kingstone Companies news, Director William L. Yankus sold 10,253 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $16.18, for a total value of $165,893.54. Following the completion of the transaction, the director now owns 91,834 shares of the company’s stock, valued at approximately $1,485,874.12. This trade represents a 10.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Angel Oak Capital Advisors LLC purchased a new position in shares of Kingstone Companies during the fourth quarter worth $3,704,000. Marshall Wace LLP raised its holdings in shares of Kingstone Companies by 223.5% during the fourth quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider’s stock worth $4,286,000 after purchasing an additional 194,952 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Kingstone Companies during the third quarter worth $1,658,000. Raymond James Financial Inc. purchased a new position in shares of Kingstone Companies during the fourth quarter worth $2,371,000. Finally, LPL Financial LLC purchased a new position in shares of Kingstone Companies during the fourth quarter worth $1,105,000. 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.