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

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

Separately, Janney Montgomery Scott initiated coverage on Kingstone Companies in a research note on Tuesday, July 16th. They issued a “buy” rating and a $6.50 price target for the company.

Kingstone Companies Price Performance

Shares of KINS traded down $0.35 during mid-day trading on Tuesday, reaching $11.95. The company had a trading volume of 137,975 shares, compared to its average volume of 80,232. The company has a market capitalization of $132.17 million, a P/E ratio of 28.45 and a beta of 0.55. Kingstone Companies has a twelve month low of $1.95 and a twelve month high of $12.81. The company’s 50-day moving average is $9.71 and its 200-day moving average is $7.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.37 and a quick ratio of 0.37.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Monday, August 12th. The insurance provider reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $36.50 million for the quarter, compared to analyst estimates of $36.80 million. Kingstone Companies had a return on equity of 13.61% and a net margin of 3.74%. During the same period last year, the company earned ($0.06) EPS. On average, equities analysts anticipate that Kingstone Companies will post 1.36 EPS for the current year.

Hedge Funds Weigh In On Kingstone Companies

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Kingstone Companies by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 369,389 shares of the insurance provider’s stock worth $1,847,000 after acquiring an additional 19,201 shares during the last quarter. Evernest Financial Advisors LLC acquired a new stake in shares of Kingstone Companies in the 3rd quarter valued at approximately $1,184,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Kingstone Companies by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 109,172 shares of the insurance provider’s stock valued at $546,000 after buying an additional 7,320 shares during the last quarter. Institutional investors and hedge funds 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.