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

Raymond James Financial Inc. purchased a new position in shares of Kingstone Companies, Inc. (NASDAQ:KINS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 156,103 shares of the insurance provider’s stock, valued at approximately $2,371,000. Raymond James Financial Inc. owned 1.26% of Kingstone Companies as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Kingstone Companies during the 4th quarter worth about $26,000. Barclays PLC acquired a new stake in shares of Kingstone Companies during the third quarter worth about $49,000. JPMorgan Chase & Co. grew its holdings in shares of Kingstone Companies by 53,684.2% in the third quarter. JPMorgan Chase & Co. now owns 10,219 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 10,200 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Kingstone Companies in the third quarter valued at approximately $170,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Kingstone Companies during the 4th quarter worth approximately $191,000. 14.91% of the stock is owned by institutional investors and hedge funds.

Kingstone Companies Price Performance

Shares of NASDAQ KINS opened at $16.99 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $233.29 million, a price-to-earnings ratio of 13.07 and a beta of 0.71. The stock’s 50-day moving average is $16.23 and its two-hundred day moving average is $13.82. Kingstone Companies, Inc. has a 1-year low of $3.93 and a 1-year high of $19.18.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of 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.