Bank of New York Mellon Corp Invests $428,000 in Kingstone Companies, Inc. (NASDAQ:KINS)

Bank of New York Mellon Corp bought a new stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,205 shares of the insurance provider’s stock, valued at approximately $428,000.

Several other hedge funds also recently bought and sold shares of KINS. Barclays PLC bought a new stake in shares of Kingstone Companies during the third quarter valued at approximately $49,000. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 10,200 shares in the last quarter. Jane Street Group LLC purchased a new position in Kingstone Companies during the third quarter valued at $170,000. Baader Bank Aktiengesellschaft purchased a new stake in Kingstone Companies in the 4th quarter worth $191,000. Finally, State Street Corp boosted its holdings in shares of 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 last quarter. Institutional investors own 14.91% of the company’s stock.

Kingstone Companies Stock Performance

Shares of NASDAQ:KINS opened at $16.99 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies, Inc. has a 12 month low of $3.93 and a 12 month high of $19.18. The company has a market capitalization of $233.29 million, a price-to-earnings ratio of 13.07 and a beta of 0.71. The firm’s 50-day moving average is $16.23 and its 200 day moving average is $13.79.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a research note 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.