Kingstone Companies, Inc. is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Co. (KICO). KICO is a carrier writing business through retail and wholesale agents and brokers. KICO is engaged in writing personal lines and commercial auto insurance in New York. KICO is also licensed in New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine. In addition, through its subsidiary, Cosi Agency, Inc. (Cosi), a multi-state licensed general agency, it accesses alternative distribution channels. Its product lines include personal lines, livery physical damage, and other. We show 43 historical shares outstanding datapoints in our KINS shares outstanding history coverage, used to compute KINS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KINS market cap history over the course of time is important for investors
interested in comparing KINS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of KINS versus a peer is one thing; comparing
KINS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like KINS can fluctuate over the course of history.
With this page we aim to empower investors researching KINS by allowing them to research the KINS market cap history. |
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Video: The Importance of Market Cap
