Raymond James Financial Inc. Buys Shares of 156,103 Kingstone Companies, Inc. (NASDAQ:KINS)

Raymond James Financial Inc. bought a new stake in Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 156,103 shares of the insurance provider's stock, valued at approximately $2,371,000. Raymond James Financial Inc. owned about 1.26% of Kingstone Companies as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Kingstone Companies during the 4th quarter valued at $26,000. Ritholtz Wealth Management raised its position in Kingstone Companies by 138.6% in the fourth 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. Barclays PLC acquired a new stake in shares of Kingstone Companies during the third quarter valued at about $49,000. Bank of New York Mellon Corp bought a new stake in shares of Kingstone Companies during the fourth quarter worth about $428,000. Finally, State Street Corp increased its stake in shares of Kingstone Companies by 22.7% in the third quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock valued at $277,000 after buying an additional 5,600 shares during the period. Institutional investors and hedge funds own 14.91% of the company's stock.

Analysts Set New Price Targets

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

Kingstone Companies Trading Down 0.7 %

Shares of Kingstone Companies stock traded down $0.12 during trading on Monday, hitting $17.75. The company's stock had a trading volume of 38,896 shares, compared to its average volume of 218,444. The stock has a market cap of $243.73 million, a price-to-earnings ratio of 13.65 and a beta of 0.60. Kingstone Companies, Inc. has a 52 week low of $4.01 and a 52 week high of $20.16. The stock has a 50-day moving average price of $16.35 and a two-hundred day moving average price of $15.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43.

Kingstone Companies 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.