Arrowstreet Capital Limited Partnership Boosts Stake in Kingstone Companies, Inc. (NASDAQ:KINS)

Arrowstreet Capital Limited Partnership lifted its position in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 85.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,625 shares of the insurance provider's stock after purchasing an additional 31,137 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.55% of Kingstone Companies worth $1,027,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KINS. SBI Securities Co. Ltd. purchased a new stake in Kingstone Companies during the 4th quarter valued at $26,000. Ritholtz Wealth Management raised its stake in shares of Kingstone Companies by 138.6% during the fourth quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider's stock valued at $602,000 after acquiring an additional 23,040 shares during the last quarter. Barclays PLC purchased a new stake in shares of Kingstone Companies during the third quarter worth about $49,000. Bank of New York Mellon Corp bought a new stake in shares of Kingstone Companies in the fourth quarter worth about $428,000. Finally, State Street Corp increased its holdings in Kingstone Companies by 22.7% during the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock valued at $277,000 after purchasing an additional 5,600 shares during the period. 14.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Kingstone Companies from a "buy" rating to a "hold" rating in a report on Thursday, March 20th.

Kingstone Companies Trading Down 1.5 %

NASDAQ:KINS traded down $0.25 during trading hours on Thursday, hitting $17.19. The company had a trading volume of 42,463 shares, compared to its average volume of 200,119. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a 50-day moving average price of $16.22 and a 200 day moving average price of $14.51. The company has a market capitalization of $235.98 million, a PE ratio of 13.34 and a beta of 0.48. Kingstone Companies, Inc. has a 52 week low of $3.93 and a 52 week high of $19.18.

Kingstone Companies Profile

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.