Wall Street Zen Downgrades Kingstone Companies (NASDAQ:KINS) to Hold

Kingstone Companies (NASDAQ:KINS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kingstone Companies in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Kingstone Companies Stock Up 1.4%

NASDAQ KINS opened at $15.45 on Friday. The stock’s 50-day simple moving average is $16.01 and its two-hundred day simple moving average is $15.11. Kingstone Companies has a twelve month low of $13.08 and a twelve month high of $22.40. The company has a market capitalization of $218.62 million, a price-to-earnings ratio of 7.05 and a beta of 0.42.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, November 6th. The insurance provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The firm had revenue of $55.65 million for the quarter, compared to analyst estimates of $53.20 million. Kingstone Companies had a return on equity of 33.69% and a net margin of 15.68%. On average, equities analysts expect that Kingstone Companies will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of Kingstone Companies

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Kingstone Companies by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 602,335 shares of the insurance provider’s stock worth $8,854,000 after purchasing an additional 42,058 shares during the period. Marshall Wace LLP raised its stake in Kingstone Companies by 16.8% in the second quarter. Marshall Wace LLP now owns 419,414 shares of the insurance provider’s stock worth $6,463,000 after buying an additional 60,439 shares in the last quarter. Gator Capital Management LLC lifted its holdings in Kingstone Companies by 9.9% in the third quarter. Gator Capital Management LLC now owns 296,750 shares of the insurance provider’s stock worth $4,362,000 after buying an additional 26,821 shares during the period. Millennium Management LLC grew its holdings in shares of Kingstone Companies by 484.9% during the 1st 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. Finally, De Lisle Partners LLP raised its position in shares of Kingstone Companies by 179.5% in the 2nd quarter. De Lisle Partners LLP now owns 267,488 shares of the insurance provider’s stock worth $4,120,000 after acquiring an additional 171,778 shares in the last quarter. Institutional investors own 14.91% of the company’s stock.

About Kingstone Companies

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.