156,103 Shares in Kingstone Companies, Inc. (NASDAQ:KINS) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Kingstone Companies, Inc. (NASDAQ:KINS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 156,103 shares of the insurance provider’s stock, valued at approximately $2,371,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KINS. Angel Oak Capital Advisors LLC purchased a new position in shares of Kingstone Companies in the 4th quarter valued at about $3,704,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Kingstone Companies in the third quarter valued at approximately $1,658,000. Wolverine Trading LLC purchased a new position in Kingstone Companies in the third quarter valued at approximately $304,000. XTX Topco Ltd acquired a new stake in Kingstone Companies during the third quarter worth approximately $290,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Kingstone Companies during the 4th quarter worth approximately $428,000. 14.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Kingstone Companies Stock Performance

Shares of KINS stock opened at $16.99 on Friday. The stock’s 50-day moving average is $16.23 and its two-hundred day moving average is $13.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. Kingstone Companies, Inc. has a 1 year low of $3.93 and a 1 year high of $19.18. The firm has a market cap of $233.29 million, a price-to-earnings ratio of 13.07 and a beta of 0.71.

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.