Kingstone Companies (NASDAQ:KINS) Downgraded by Wall Street Zen to "Hold"

Wall Street Zen lowered shares of Kingstone Companies (NASDAQ:KINS - Free Report) from a buy rating to a hold rating in a report released on Saturday.

Kingstone Companies Price Performance

Shares of KINS stock traded down $0.33 during trading on Friday, hitting $15.63. The company had a trading volume of 263,503 shares, compared to its average volume of 242,533. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The stock's 50-day moving average is $17.05 and its two-hundred day moving average is $15.95. The stock has a market capitalization of $214.62 million, a price-to-earnings ratio of 12.02 and a beta of 0.60. Kingstone Companies has a 52 week low of $4.55 and a 52 week high of $22.40.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The insurance provider reported $0.17 earnings per share for the quarter. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. As a group, analysts predict that Kingstone Companies will post 1.4 EPS for the current fiscal year.

Institutional Trading of Kingstone Companies

Several hedge funds and other institutional investors have recently bought and sold shares of KINS. Angel Oak Capital Advisors LLC purchased a new stake in Kingstone Companies in the fourth quarter worth approximately $3,704,000. Millennium Management LLC boosted its stake in shares of Kingstone Companies by 484.9% during the first quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider's stock valued at $4,759,000 after purchasing an additional 236,968 shares during the period. Marshall Wace LLP boosted its stake in shares of Kingstone Companies by 223.5% during the fourth quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider's stock valued at $4,286,000 after purchasing an additional 194,952 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Kingstone Companies during the fourth quarter valued at approximately $2,371,000. Finally, American Century Companies Inc. boosted its stake in shares of Kingstone Companies by 89.6% during the first quarter. American Century Companies Inc. now owns 161,809 shares of the insurance provider's stock valued at $2,694,000 after purchasing an additional 76,451 shares during the period. Hedge funds and other institutional investors 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.