683 Capital Management LLC Buys Shares of 50,540 Kingstone Companies, Inc. (NASDAQ:KINS)

683 Capital Management LLC bought a new stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,540 shares of the insurance provider's stock, valued at approximately $768,000. 683 Capital Management LLC owned 0.41% of Kingstone Companies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in Kingstone Companies by 22.7% in the third quarter. State Street Corp now owns 30,229 shares of the insurance provider's stock worth $277,000 after purchasing an additional 5,600 shares in the last quarter. Jane Street Group LLC purchased a new stake in Kingstone Companies during the 3rd quarter valued at about $170,000. Barclays PLC acquired a new position in Kingstone Companies in the 3rd quarter worth approximately $49,000. Geode Capital Management LLC increased its stake in shares of Kingstone Companies by 14.5% in the third quarter. Geode Capital Management LLC now owns 95,950 shares of the insurance provider's stock worth $878,000 after acquiring an additional 12,134 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Kingstone Companies by 53,684.2% during the 3rd 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. 14.91% of the stock is owned by hedge funds and other institutional investors.

Kingstone Companies Price Performance

NASDAQ:KINS traded down $0.41 during trading hours on Wednesday, reaching $18.21. 103,049 shares of the company were exchanged, compared to its average volume of 220,674. The firm has a market cap of $250.04 million, a PE ratio of 14.01 and a beta of 0.60. Kingstone Companies, Inc. has a twelve month low of $4.01 and a twelve month high of $20.16. The stock's 50-day moving average is $16.48 and its 200-day moving average is $15.38. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29.

Analysts Set New Price Targets

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

About Kingstone Companies

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.