The stock of Kingstone Companies Inc (NASDAQ:KINS) reached all time high today, Oct, 7 and still has $17.30 target or 78.00% above today’s $9.72 share price. This indicates more upside for the $78.63M company. This technical setup was reported by Barchart.com. If the $17.30 PT is reached, the company will be worth $61.33M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 39,124 shares traded hands or 107.30% 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 2016 Q2. Its down 0.67, from 1.67 in 2016Q1. The ratio is negative, 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.
Sit Invest accumulated 0% or 9,100 shares. Dimensional Fund Advsrs L P holds 0% or 23,367 shares in its portfolio. Deutsche Bank Ag holds 0% or 11,135 shares in its portfolio. Stieven Cap Advsrs L P has invested 0.52% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS). Blackrock Institutional Tru Co Na owns 3,765 shares or 0% of their US portfolio. Blackrock Mgmt Ltd Liability has invested 0% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS). Hancock Commerce, a Mississippi-based fund reported 12,639 shares. Globeflex L P reported 104 shares or 0% of all its holdings. Cadence Capital Mngmt Limited accumulated 0.05% or 70,760 shares. The New York-based Asset Strategies Inc has invested 0.32% in Kingstone Companies Inc (NASDAQ:KINS). Blackrock Fund Advsr has 21,884 shares for 0% of their US portfolio. Vanguard Inc holds 0% or 178,620 shares in its portfolio. Morgan Stanley holds 38,612 shares or 0% of its portfolio. Lsv Asset Mngmt reported 15,613 shares or 0% of all its holdings. Perritt Cap Inc has invested 0.29% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS).
Insider Transactions: Since May 17, 2016, the stock had 5 buys, and 0 selling transactions for $46,709 net activity. Another trade for 1,712 shares valued at $15,168 was made by Tupper Floyd R on Tuesday, May 17. 500 shares with value of $4,555 were bought by GOLDSTEIN BARRY on Thursday, May 26.
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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