The stock of Kingstone Companies Inc (NASDAQ:KINS) hit a new 52-week high and has $13.10 target or 4.00% above today’s $12.60 share price. The 7 months bullish chart indicates low risk for the $100.93M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $13.10 price target is reached, the company will be worth $4.04M 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. The stock increased 0.80% or $0.1 on November 25, hitting $12.6. About 11,173 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 increased, 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.
Renaissance Tech Ltd Liability Corp has 0% invested in the company for 45,500 shares. Tower Rech Capital Ltd Liability Corporation (Trc) has 300 shares for 0% of their US portfolio. Moreover, Citigroup has 0% invested in Kingstone Companies Inc (NASDAQ:KINS) for 10 shares. Blackrock Institutional Company Na accumulated 0% or 3,765 shares. Stieven Capital Advsr Lp has invested 0.52% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS). Blackrock Inv Mngmt Ltd has 0% invested in the company for 995 shares. The New York-based Spark Management Limited Liability Corporation has invested 0.01% in Kingstone Companies Inc (NASDAQ:KINS). The Pennsylvania-based Vanguard Gp Inc has invested 0% in Kingstone Companies Inc (NASDAQ:KINS). Dimensional Fund Advisors Lp last reported 23,367 shares in the company. Ativo Capital holds 57,715 shares or 0.12% of its portfolio. Eagle Glob Advisors Ltd last reported 27,500 shares in the company. Wasatch Advsr holds 0.03% of its portfolio in Kingstone Companies Inc (NASDAQ:KINS) for 210,000 shares. The California-based Wells Fargo & Mn has invested 0% in Kingstone Companies Inc (NASDAQ:KINS). Lsv Asset Mgmt owns 15,613 shares or 0% of their US portfolio. Blackrock Fund last reported 21,884 shares in the company.
More recent Kingstone Companies Inc (NASDAQ:KINS) news were published by: Nasdaq.com which released: “Kingstone Companies, Inc (KINS) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Also Seekingalpha.com published the news titled: “Kingstone Companies, Inc.: 139 Years Old And Still Growing Stronger” on December 14, 2015. Equitiesfocus.com‘s news article titled: “Kingstone Companies, Inc (NASDAQ:KINS) Quarterly EPS From Continuing …” with publication date: November 24, 2016 was also an interesting one.
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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