Live Price Coverage: Is Kingstone Companies Inc a Buy? The Stock Reaches 52-Week High Today

Live Price Coverage: Is Kingstone Companies Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Kingstone Companies Inc (NASDAQ:KINS) hit a new 52-week high and has $28.87 target or 197.00% above today’s $9.72 share price. The 6 months bullish chart indicates low risk for the $78.61M company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $28.87 price target is reached, the company will be worth $154.86 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 37,221 shares traded hands or 97.22% up from the average. Kingstone Companies Inc (NASDAQ:KINS) has risen 24.17% since March 4, 2016 and is uptrending. It has outperformed by 16.13% the S&P500.

Analysts await Kingstone Companies Inc (NASDAQ:KINS) to report earnings on November, 9.

According to Zacks Investment Research, “Kingstone Companies, Inc., formerly DCAP Group, Inc., is engaged in the ownership of an insurance company. The Company focuses on automobile, motorcycle and homeowners insurance and its customer base is primarily individuals rather than businesses. There are three Atlantic Insurance locations in eastern Pennsylvania. All of the Barry Scott, Atlantic Insurance and Accurate Agency locations are wholly owned by the Company.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.67, from 1.67 in 2016Q1. The ratio dropped, as 5 funds sold all Kingstone Companies Inc shares owned while 7 reduced positions. 3 funds bought stakes while 9 increased positions. They now own 1.73 million shares or 4.01% less from 1.81 million shares in 2016Q1.
Cadence Mngmt Limited Liability Co accumulated 0.05% or 70,760 shares. Deutsche Bank Ag, a Germany-based fund reported 11,135 shares. Renaissance Technologies Limited Company owns 45,500 shares or 0% of their US portfolio. Perritt Inc has 0.29% invested in the company for 122,800 shares. Dimensional Fund Advisors Limited Partnership last reported 23,367 shares in the company. Lsv Asset Mngmt has 0% invested in the company for 15,613 shares. Moreover, Blackrock Fund has 0% invested in Kingstone Companies Inc (NASDAQ:KINS) for 21,884 shares. Alpine Inv Mgmt Ltd has 148,052 shares for 0.1% of their US portfolio. United Asset Strategies accumulated 0.32% or 95,232 shares. Tower (Trc) last reported 300 shares in the company. Eagle Advsrs Llc last reported 0.01% of its portfolio in the stock. Eidelman Virant Cap has 297,862 shares for 1.62% of their US portfolio. Hancock Company has 0% invested in the company for 12,639 shares. Blackrock Mgmt Ltd Llc, a New Jersey-based fund reported 995 shares. Moreover, Citigroup Inc has 0% invested in Kingstone Companies Inc (NASDAQ:KINS) for 10 shares.

Insider Transactions: Since May 17, 2016, the stock had 5 insider buys, and 0 insider sales for $46,709 net activity. $9,828 worth of shares were bought by GOLDSTEIN BARRY on Thursday, May 19. $15,168 worth of Kingstone Companies Inc (NASDAQ:KINS) was bought by Tupper Floyd R.

More notable recent Kingstone Companies Inc (NASDAQ:KINS) news were published by: Seekingalpha.com which released: “Kingstone Companies, Inc.: 139 Years Old And Still Growing Stronger” on December 14, 2015, also Businesswire.com with their article: “Kingstone Companies, Inc. Announces Appointment of Floyd Tupper to Board of …” published on June 11, 2014, Seekingalpha.com published: “Kingstone Companies’ (KINS) CEO Barry Goldstein on Q2 2016 Results – Earnings …” on August 12, 2016. More interesting news about Kingstone Companies Inc (NASDAQ:KINS) were released by: Equitiesfocus.com and their article: “Kingstone Companies, Inc (NASDAQ:KINS) Basic Consolidated EPS At $0.9493” published on October 05, 2016 as well as Businesswire.com‘s news article titled: “Kingstone Insurance Approved to Write Property and Casualty Insurance in Texas” with publication date: September 02, 2015.

KINS Company Profile

Kingstone Companies, Inc. (Kingstone), incorporated on August 25, 1961, offers property and casualty insurance products to small businesses and individuals in New York State. The Firm offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance firm in New York, New Jersey, Connecticut, Pennsylvania and Texas. The Firm operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers. The Firm underwrites its business utilizing the CLUE industry claims database, insurance scoring reports, physical inspection of risks and other individual risk underwriting tools. It writes homeowners and dwelling fire business in New York City and Long Island. The Company’s product lines include personal lines, commercial liability, commercial automobile, livery physical damage and other.

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