Kingstone Companies (NASDAQ:KINS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kingstone Companies (NASDAQ:KINS) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other equities analysts have also recently issued reports on KINS. Zacks Research upgraded shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kingstone Companies in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Kingstone Companies presently has a consensus rating of “Moderate Buy”.

Kingstone Companies Stock Down 1.0%

NASDAQ:KINS opened at $15.74 on Friday. Kingstone Companies has a twelve month low of $13.08 and a twelve month high of $22.40. The stock’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $15.12. The firm has a market capitalization of $222.72 million, a PE ratio of 7.19 and a beta of 0.42.

Kingstone Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. Kingstone Companies’s payout ratio is currently 9.13%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KINS. Vanguard Group Inc. grew 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 valued at $8,854,000 after buying an additional 42,058 shares during the last quarter. Royce & Associates LP acquired a new position in shares of Kingstone Companies in the fourth quarter worth approximately $7,551,000. Marshall Wace LLP lifted its stake in shares of 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 acquiring an additional 60,439 shares during the period. Gator Capital Management LLC boosted its holdings in Kingstone Companies by 4.6% in the fourth quarter. Gator Capital Management LLC now owns 310,327 shares of the insurance provider’s stock valued at $5,223,000 after acquiring an additional 13,577 shares during the last quarter. Finally, De Lisle Partners LLP increased its position in Kingstone Companies by 5.2% during the 4th quarter. De Lisle Partners LLP now owns 304,037 shares of the insurance provider’s stock valued at $5,114,000 after purchasing an additional 14,966 shares during the period. 14.91% of the stock is 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.