Insurer Kingstone jumps after record Q4 results

Property and casualty insurer Kingstone Companies' KINS.O shares jump as much as 21.7%; last up 17.4% at $16.05

KINS late Thursday reports record Q4 results, with core business direct premiums written jumping 49% due to market dislocation

Q4 was the fifth consecutive quarter of profitability for KINS

Combined ratio was 78.5% in Q4, an 11% improvement from the same period last year

A ratio below 100% means the insurer earned more in premiums than it paid out in claims

Lone analyst covering the stock rates it "strong buy" with a PT of $18 - data compiled by LSEG

KINS stock up 5.7% YTD