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

Kingstone Companies (NASDAQ:KINS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Kingstone Companies Stock Performance

NASDAQ KINS opened at $13.67 on Wednesday. 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 fifty-two week low of $3.72 and a fifty-two week high of $19.18. The stock has a 50-day simple moving average of $15.96 and a two-hundred day simple moving average of $13.25. The firm has a market capitalization of $168.81 million, a P/E ratio of 10.52 and a beta of 0.71.

Hedge Funds Weigh In On Kingstone Companies

Several institutional investors and hedge funds have recently modified their holdings of the business. Palisades Investment Partners LLC purchased a new position in shares of Kingstone Companies in the 4th quarter valued at about $913,000. Squarepoint Ops LLC purchased a new position in shares of Kingstone Companies in the 4th quarter valued at about $331,000. State of Wyoming purchased a new position in shares of Kingstone Companies in the 4th quarter valued at about $103,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Kingstone Companies in the 4th quarter valued at about $454,000. Finally, Millennium Management LLC increased its stake in shares of Kingstone Companies by 155.5% in the 4th quarter. Millennium Management LLC now owns 48,866 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 29,742 shares in the last quarter. Hedge funds and other institutional investors own 14.91% of the company’s stock.

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.