Kingstone Companies is an insurance holding company. Through its wholly owned subsidiary, Kingstone Insurance Company (KICO), Co. provides property and casualty insurance products to individuals. KICO is a licensed property and casualty insurance company in New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Rhode Island, Maine, and New Hampshire. Co.'s product lines include: personal lines, which include homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies; livery physical damage, which writes for-hire vehicle physical damage only policies; and other, which writes canine legal liability policies. We show 41 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
