Wall Street Zen Upgrades Kingstone Companies (NASDAQ:KINS) to “Buy”

Kingstone Companies (NASDAQ:KINS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kingstone Companies in a report on Monday, December 29th. Zacks Research upgraded shares of Kingstone Companies to a “hold” rating in a report on Friday, February 6th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Kingstone Companies Price Performance

KINS stock opened at $15.90 on Friday. The stock has a market capitalization of $224.99 million, a P/E ratio of 7.26 and a beta of 0.42. Kingstone Companies has a 1-year low of $13.08 and a 1-year high of $22.40. The business has a fifty day moving average price of $16.24 and a 200-day moving average price of $15.13.

Institutional Trading of Kingstone Companies

Several large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its stake in shares of Kingstone Companies by 8.0% in the 4th quarter. Deutsche Bank AG now owns 10,738 shares of the insurance provider’s stock worth $181,000 after purchasing an additional 797 shares in the last quarter. Strs Ohio increased its holdings in Kingstone Companies by 2.5% in the 3rd quarter. Strs Ohio now owns 33,400 shares of the insurance provider’s stock worth $491,000 after acquiring an additional 800 shares in the last quarter. First Trust Advisors LP raised its stake in Kingstone Companies by 2.5% during the 4th quarter. First Trust Advisors LP now owns 37,121 shares of the insurance provider’s stock worth $625,000 after acquiring an additional 915 shares during the period. Man Group plc raised its stake in Kingstone Companies by 6.8% during the 4th quarter. Man Group plc now owns 14,394 shares of the insurance provider’s stock worth $242,000 after acquiring an additional 922 shares during the period. Finally, State Street Corp lifted its holdings in Kingstone Companies by 0.6% during the fourth quarter. State Street Corp now owns 160,604 shares of the insurance provider’s stock valued at $2,703,000 after purchasing an additional 932 shares in the last quarter. 14.91% of the stock is currently owned by institutional investors.

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.