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

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

Kingstone Companies Stock Performance

NASDAQ KINS opened at $17.32 on Friday. The firm has a market capitalization of $237.82 million, a P/E ratio of 13.32 and a beta of 0.60. The stock has a 50-day simple moving average of $16.96 and a two-hundred day simple moving average of $15.84. 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 $4.55 and a fifty-two week high of $22.40.

Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Thursday, May 8th. The insurance provider reported $0.17 EPS for the quarter. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. On average, equities analysts forecast that Kingstone Companies will post 1.4 earnings per share for the current year.

Hedge Funds Weigh In On Kingstone Companies

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in Kingstone Companies by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 515,989 shares of the insurance provider’s stock worth $7,838,000 after buying an additional 69,400 shares in the last quarter. Millennium Management LLC raised its position in shares of Kingstone Companies by 484.9% in the first quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock worth $4,759,000 after acquiring an additional 236,968 shares during the period. Marshall Wace LLP raised its position in shares of Kingstone Companies by 223.5% in the fourth quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider’s stock worth $4,286,000 after acquiring an additional 194,952 shares during the period. Angel Oak Capital Advisors LLC purchased a new stake in shares of Kingstone Companies during the 4th quarter worth about $3,704,000. Finally, American Century Companies Inc. grew its position in shares of Kingstone Companies by 89.6% during the 1st quarter. American Century Companies Inc. now owns 161,809 shares of the insurance provider’s stock valued at $2,694,000 after acquiring an additional 76,451 shares during the period. 14.91% of the stock is owned by hedge funds and other institutional investors.

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.