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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of Kingstone Companies, Inc. Investors (KINS)

Kingstone Companies, Inc (KINS) 
Last kingstone companies, inc earnings: 3/11 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: kingstonecompanies.com
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces the continuation of its investigation on behalf of Kingstone Companies, Inc. (“Kingstone” or the “Company”) (NASDAQ: KINS) investors concerning the Company and its officers’ possible violations of federal securities laws. On April 29, 2019, the Company disclosed $2.5 million charge to its claims case reserves and $2.5 million charge to its IBNR reserves, based on a “comprehensive review of [the Company’s] claims operations.” As a result of the charges, the Company “expects to end the full year with a combined ratio excluding catastrophe losses of 88% to 91% and catastrophe losses of 4 to 5 points.” On this news, the Company’s share price fell $2.07 per share, more than 15%, to close at $11.61 per share on April 30, 2019, thereby injuring investors. If you purchased Kingstone securities, have information or woul Show less Read more
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