The stock of Kingstone Companies Inc (NASDAQ:KINS) reached all time high today, Nov, 24 and still has $13.38 target or 7.00% above today’s $12.50 share price. This indicates more upside for the $98.12 million company. This technical setup was reported by Barchart.com. If the $13.38 PT is reached, the company will be worth $6.87M 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. The stock increased 2.04% or $0.25 on November 23, hitting $12.5. About 24,755 shares traded hands. Kingstone Companies Inc (NASDAQ:KINS) has risen 35.96% since April 22, 2016 and is uptrending. It has outperformed by 30.56% the S&P500.
Analysts await Kingstone Companies Inc (NASDAQ:KINS) to report earnings on March, 16.
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 increased to 2.83 in Q2 2016. Its up 1.83, from 1 in 2016Q1. The ratio is positive, 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.
Moreover, Vanguard Gp Inc has 0% invested in Kingstone Companies Inc (NASDAQ:KINS) for 178,620 shares. Tower Capital Ltd Company (Trc) has invested 0% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS). Utd Asset Strategies owns 95,232 shares or 0.32% of their US portfolio. M&T Bancorporation Corp holds 30,000 shares or 0% of its portfolio. Morgan Stanley holds 0% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS) for 38,612 shares. Wells Fargo & Com Mn owns 1,100 shares or 0% of their US portfolio. Moreover, Perritt Capital has 0.29% invested in Kingstone Companies Inc (NASDAQ:KINS) for 122,800 shares. Cadence Capital Limited Liability Corp last reported 0.05% of its portfolio in the stock. Moreover, Alpine Mgmt Ltd Com has 0.1% invested in Kingstone Companies Inc (NASDAQ:KINS) for 148,052 shares. Spark Inv Mgmt Lc last reported 17,900 shares in the company. Hancock holds 0% or 12,639 shares in its portfolio. Blackrock Fund Advsrs, a California-based fund reported 21,884 shares. Deutsche Bankshares Ag holds 0% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS) for 11,135 shares. Globeflex L P holds 0% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS) for 104 shares. Eagle Advsrs Limited Company has 0.01% invested in the company for 27,500 shares.
More news for Kingstone Companies Inc (NASDAQ:KINS) were recently published by: Seekingalpha.com, which released: “Kingstone Companies, Inc.: 139 Years Old And Still Growing Stronger” on December 14, 2015. Equitiesfocus.com‘s article titled: “Kingstone Companies, Inc (NASDAQ:KINS) Quarterly EPS From Continuing …” and published on November 24, 2016 is yet another important article.
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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