Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.85 and traded as high as $9.27. Kingstone Companies shares last traded at $8.94, with a volume of 95,884 shares traded.
A number of brokerages recently weighed in on KINS. Janney Montgomery Scott began coverage on shares of Kingstone Companies in a research note on Tuesday, July 16th. They issued a "buy" rating and a $6.50 target price on the stock. StockNews.com raised Kingstone Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, August 21st.
Read Our Latest Report on Kingstone Companies
The company's fifty day simple moving average is $8.36 and its 200 day simple moving average is $5.85. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $98.88 million, a PE ratio of -894,000.00 and a beta of 0.57.
Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The insurance provider reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $36.50 million for the quarter, compared to analysts' expectations 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 in the prior year, the firm earned ($0.06) earnings per share. Analysts anticipate that Kingstone Companies, Inc. will post 1 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Kingstone Companies stock. Dimensional Fund Advisors LP increased its stake in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,172 shares of the insurance provider's stock after buying an additional 7,320 shares during the period. Dimensional Fund Advisors LP owned 0.99% of Kingstone Companies worth $546,000 as of its most recent filing with the Securities & Exchange Commission. 14.91% of the stock is currently owned by institutional investors.
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.
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