Kingstone Companies Inc (NASDAQ:KINS) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $17.50 for the company and are forecasting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 98 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Kingstone Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th.
Hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new position in Kingstone Companies during the second quarter worth $1,534,000. Monarch Partners Asset Management LLC boosted its position in Kingstone Companies by 55.4% during the third quarter. Monarch Partners Asset Management LLC now owns 31,700 shares of the insurance provider’s stock worth $517,000 after purchasing an additional 11,300 shares during the period. Bank of New York Mellon Corp boosted its position in Kingstone Companies by 245.2% during the second quarter. Bank of New York Mellon Corp now owns 34,796 shares of the insurance provider’s stock worth $533,000 after purchasing an additional 24,715 shares during the period. Laurel Wealth Advisors Inc. boosted its position in Kingstone Companies by 9.8% during the second quarter. Laurel Wealth Advisors Inc. now owns 86,850 shares of the insurance provider’s stock worth $1,328,000 after purchasing an additional 7,730 shares during the period. Finally, ACR Alpine Capital Research LLC boosted its position in Kingstone Companies by 20.5% during the third quarter. ACR Alpine Capital Research LLC now owns 208,452 shares of the insurance provider’s stock worth $3,398,000 after purchasing an additional 35,400 shares during the period. 49.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Kingstone Companies (NASDAQ:KINS) traded down $0.25 on Friday, reaching $18.80. 105,951 shares of the company were exchanged, compared to its average volume of 27,370. The firm has a market capitalization of $202.43, a P/E ratio of 18.43 and a beta of 0.77. Kingstone Companies has a fifty-two week low of $11.80 and a fifty-two week high of $19.60.
Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, November 9th. The insurance provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.06. The business had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.15 million. Kingstone Companies had a net margin of 11.59% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. analysts anticipate that Kingstone Companies will post 1.05 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.70%. Kingstone Companies’s payout ratio is 31.37%.
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Kingstone Companies Company Profile
Kingstone Companies, Inc offers property and casualty insurance products to small businesses and individuals in New York State. The Company offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance company. The Company operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers.
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