Renaissance Technologies LLC Boosts Holdings in Kingstone Companies, Inc. (NASDAQ:KINS)

Renaissance Technologies LLC raised its stake in Kingstone Companies, Inc. (NASDAQ:KINS) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,989 shares of the insurance provider’s stock after purchasing an additional 69,400 shares during the period. Renaissance Technologies LLC’s holdings in Kingstone Companies were worth $7,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in KINS. SBI Securities Co. Ltd. purchased a new stake in shares of Kingstone Companies during the 4th quarter worth approximately $26,000. Ritholtz Wealth Management boosted its stake 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 in the last quarter. Barclays PLC acquired a new position in Kingstone Companies in the third quarter valued at $49,000. Bank of New York Mellon Corp acquired a new stake in shares of Kingstone Companies during the fourth quarter worth about $428,000. Finally, State Street Corp lifted its holdings in shares of Kingstone Companies by 22.7% in the 3rd quarter. State Street Corp now owns 30,229 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 5,600 shares during the last quarter. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Kingstone Companies Stock Down 1.7 %

KINS opened at $17.14 on Friday. The company has a market cap of $235.35 million, a PE ratio of 13.18 and a beta of 0.48. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies, Inc. has a 52 week low of $3.93 and a 52 week high of $19.18. The business has a 50 day moving average price of $16.22 and a two-hundred day moving average price of $14.56.

Wall Street Analyst Weigh In

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

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.