Bank of New York Mellon Corp Makes New Investment in Kingstone Companies, Inc. (NASDAQ:KINS)

Bank of New York Mellon Corp acquired a new stake in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 28,205 shares of the insurance provider's stock, valued at approximately $428,000. Bank of New York Mellon Corp owned 0.23% of Kingstone Companies as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Angel Oak Capital Advisors LLC acquired a new position in Kingstone Companies during the fourth quarter worth approximately $3,704,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Kingstone Companies during the 3rd quarter worth approximately $1,658,000. Geode Capital Management LLC raised its stake in Kingstone Companies by 14.5% in the 3rd quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider's stock valued at $878,000 after acquiring an additional 12,134 shares during the period. Ritholtz Wealth Management lifted its holdings in Kingstone Companies by 138.6% during the 4th quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider's stock valued at $602,000 after purchasing an additional 23,040 shares during the last quarter. Finally, Wolverine Trading LLC bought a new position in Kingstone Companies during the third quarter worth $304,000. 14.91% of the stock is currently owned by institutional investors and hedge funds.

Kingstone Companies Trading Down 1.1 %

Shares of NASDAQ:KINS traded down $0.18 during midday trading on Tuesday, hitting $16.48. 275,794 shares of the stock were exchanged, compared to its average volume of 187,573. The business's 50-day moving average price is $16.26 and its 200 day moving average price is $13.91. Kingstone Companies, Inc. has a 12 month low of $3.93 and a 12 month high of $19.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $226.22 million, a price-to-earnings ratio of 12.69 and a beta of 0.71.

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Analyst Upgrades and Downgrades

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

Kingstone Companies Company 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.