LPL Financial LLC purchased a new stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 72,750 shares of the insurance provider's stock, valued at approximately $1,105,000. LPL Financial LLC owned about 0.59% of Kingstone Companies as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Kingstone Companies during the 4th quarter worth about $26,000. Ritholtz Wealth Management lifted its stake in shares of Kingstone Companies by 138.6% in the fourth quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider's stock worth $602,000 after acquiring an additional 23,040 shares during the period. Barclays PLC acquired a new stake in Kingstone Companies during the 3rd quarter valued at approximately $49,000. Bank of New York Mellon Corp acquired a new position in shares of Kingstone Companies in the 4th quarter worth approximately $428,000. Finally, State Street Corp boosted its position in Kingstone Companies by 22.7% during the third quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock valued at $277,000 after acquiring an additional 5,600 shares during the last quarter. Institutional investors and hedge funds own 14.91% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com cut Kingstone Companies from a "buy" rating to a "hold" rating in a report on Thursday, March 20th.
Read Our Latest Stock Analysis on Kingstone Companies
Kingstone Companies Stock Up 2.0 %
NASDAQ KINS traded up $0.35 during mid-day trading on Wednesday, hitting $17.59. The company's stock had a trading volume of 134,796 shares, compared to its average volume of 280,640. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The company's 50 day simple moving average is $16.18 and its 200 day simple moving average is $14.77. Kingstone Companies, Inc. has a twelve month low of $4.01 and a twelve month high of $19.18. The firm has a market capitalization of $241.53 million, a price-to-earnings ratio of 13.53 and a beta of 0.48.
About Kingstone Companies
(
Free Report)
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.
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