23,000 Shares in Kingstone Companies, Inc. (NASDAQ:KINS) Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund bought a new stake in Kingstone Companies, Inc. (NASDAQ:KINS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,000 shares of the insurance provider’s stock, valued at approximately $349,000. New York State Common Retirement Fund owned approximately 0.19% of Kingstone Companies as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management lifted its holdings 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 acquiring an additional 23,040 shares during the last quarter. Barclays PLC acquired a new position in shares of Kingstone Companies in the 3rd quarter valued at $49,000. State Street Corp grew 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 worth $277,000 after purchasing an additional 5,600 shares during the period. JPMorgan Chase & Co. grew its holdings 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 worth $94,000 after purchasing an additional 10,200 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Kingstone Companies during the 3rd quarter worth about $290,000. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Kingstone Companies Stock Performance

Shares of KINS opened at $15.53 on Wednesday. Kingstone Companies, Inc. has a 1 year low of $3.60 and a 1 year high of $19.18. The stock has a market capitalization of $191.78 million, a PE ratio of 11.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a 50-day simple moving average of $16.07 and a 200-day simple moving average of $13.05.

Insider Activity at Kingstone Companies

In related news, Director William L. Yankus sold 10,253 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $16.18, for a total transaction of $165,893.54. Following the completion of the transaction, the director now owns 91,834 shares in the company, valued at approximately $1,485,874.12. The trade was a 10.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.20% of the stock is owned by corporate insiders.

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.