Notable Price Action: Can Kingstone Companies Inc’s Tomorrow be Different? The Stock Just Broke Its High

Notable Price Action: Can Kingstone Companies Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of Kingstone Companies Inc (NASDAQ:KINS) reached all time high today, Nov, 14 and still has $26.43 target or 123.00% above today’s $11.85 share price. This indicates more upside for the $101.08M company. This technical setup was reported by Barchart.com. If the $26.43 PT is reached, the company will be worth $124.33 million 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 36,361 shares traded hands or 27.14% up from the average. Kingstone Companies Inc (NASDAQ:KINS) has risen 34.17% since April 12, 2016 and is uptrending. It has outperformed by 29.19% the S&P500.

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 worsened, 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.
Ativo Mngmt Limited Company last reported 57,715 shares in the company. Blackrock Fund Advsr holds 0% or 21,884 shares in its portfolio. Hancock last reported 0% of its portfolio in the stock. Citigroup Inc, a New York-based fund reported 10 shares. Renaissance Technologies Limited Liability Corporation owns 45,500 shares or 0% of their US portfolio. Eagle Advsrs Limited Liability owns 27,500 shares or 0.01% of their US portfolio. Deutsche National Bank Ag holds 11,135 shares or 0% of its portfolio. M&T Commercial Bank Corp reported 30,000 shares or 0% of all its holdings. Globeflex L P accumulated 0% or 104 shares. The Missouri-based Eidelman Virant Capital has invested 1.62% in Kingstone Companies Inc (NASDAQ:KINS). Spark Invest Ltd Llc holds 0.01% or 17,900 shares in its portfolio. Lsv Asset Mgmt reported 15,613 shares or 0% of all its holdings. Vanguard Inc has 178,620 shares for 0% of their US portfolio. Cadence Capital Management Limited Co, a Massachusetts-based fund reported 70,760 shares. Stieven Cap L P last reported 209,400 shares in the company.

Insider Transactions: Since May 17, 2016, the stock had 4 insider buys, and 0 sales for $31,541 net activity. 900 shares were bought by GOLDSTEIN BARRY, worth $8,208 on Tuesday, May 24. On Tuesday, May 17 Tupper Floyd R bought $15,168 worth of the stock or 1,712 shares.

More important 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 Nasdaq.com published article titled: “Kingstone Companies, Inc (KINS) Ex-Dividend Date Scheduled for August 29, 2016”, 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) was released by: Businesswire.com and their article: “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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