Raymond James Financial Inc. acquired a new position in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 156,103 shares of the insurance provider's stock, valued at approximately $2,371,000. Raymond James Financial Inc. owned 1.26% of Kingstone Companies at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Kingstone Companies in the 4th quarter valued at $26,000. Barclays PLC purchased a new position in Kingstone Companies in the third quarter valued at about $49,000. JPMorgan Chase & Co. lifted its position in shares of Kingstone Companies by 53,684.2% during the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider's stock valued at $94,000 after buying an additional 10,200 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Kingstone Companies in the 3rd quarter valued at about $170,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Kingstone Companies in the 4th quarter worth approximately $191,000. 14.91% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Kingstone Companies from a "buy" rating to a "hold" rating in a report on Thursday, March 20th.
Check Out Our Latest Stock Report on KINS
Kingstone Companies Stock Performance
Shares of NASDAQ:KINS traded up $1.25 during trading on Wednesday, hitting $17.82. 436,300 shares of the stock traded hands, compared to its average volume of 190,328. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $16.32 and a two-hundred day moving average price of $13.99. Kingstone Companies, Inc. has a 52-week low of $3.93 and a 52-week high of $19.18. The company has a market cap of $244.69 million, a price-to-earnings ratio of 13.71 and a beta of 0.71.
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.
Read More
Before you consider Kingstone Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kingstone Companies wasn't on the list.
While Kingstone Companies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
