LPL Financial LLC Acquires Shares of 72,750 Kingstone Companies, Inc. (NASDAQ:KINS)

LPL Financial LLC purchased a new position in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 72,750 shares of the insurance provider's stock, valued at approximately $1,105,000. LPL Financial LLC owned 0.59% of Kingstone Companies at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. grew its position in shares of Kingstone Companies by 186.6% during the fourth quarter. American Century Companies Inc. now owns 85,358 shares of the insurance provider's stock worth $1,297,000 after buying an additional 55,572 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Kingstone Companies during the fourth quarter worth about $2,371,000. SBI Securities Co. Ltd. acquired a new position in shares of Kingstone Companies during the fourth quarter worth about $26,000. Bank of New York Mellon Corp acquired a new position in shares of Kingstone Companies during the fourth quarter worth about $428,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Kingstone Companies during the fourth quarter worth about $349,000. Institutional investors and hedge funds own 14.91% of the company's stock.

Kingstone Companies Stock Up 1.9 %

KINS traded up $0.33 on Thursday, reaching $17.97. The company's stock had a trading volume of 40,004 shares, compared to its average volume of 203,644. The stock has a 50 day moving average of $16.18 and a two-hundred day moving average of $14.77. 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 market capitalization of $246.75 million, a price-to-earnings ratio of 13.76 and a beta of 0.48. Kingstone Companies, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $19.18.

Analysts Set New Price Targets

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