Bank of New York Mellon Corp Makes New Investment in Kingstone Companies, Inc. (NASDAQ:KINS)

Bank of New York Mellon Corp purchased a new stake in Kingstone Companies, Inc. (NASDAQ:KINS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,205 shares of the insurance provider’s stock, valued at approximately $428,000. Bank of New York Mellon Corp owned approximately 0.23% of Kingstone Companies as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. New York State Common Retirement Fund bought a new position in Kingstone Companies during the fourth quarter valued at approximately $349,000. Angel Oak Capital Advisors LLC purchased a new stake in shares of Kingstone Companies in the 4th quarter valued at $3,704,000. Baader Bank Aktiengesellschaft bought a new position in shares of Kingstone Companies during the 4th quarter valued at $191,000. Ritholtz Wealth Management raised its position in Kingstone Companies by 138.6% in the 4th quarter. Ritholtz Wealth Management now owns 39,663 shares of the insurance provider’s stock worth $602,000 after purchasing an additional 23,040 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Kingstone Companies by 53,684.2% in 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. Institutional investors own 14.91% of the company’s stock.

Kingstone Companies Price Performance

Shares of KINS stock opened at $16.99 on Friday. 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 stock has a market cap of $233.29 million, a price-to-earnings ratio of 13.07 and a beta of 0.71. The business’s fifty day moving average is $16.23 and its 200 day moving average is $13.79. Kingstone Companies, Inc. has a twelve month low of $3.93 and a twelve month high of $19.18.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th.

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.