Kingstone Companies Inc (NASDAQ:KINS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price objective of $23.50 for the company and are expecting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned Kingstone Companies an industry rank of 44 out of 265 based on the ratings given to its competitors.
A number of equities analysts have commented on KINS shares. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research cut shares of Kingstone Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP lifted its position in shares of Kingstone Companies by 13.6% in the 3rd quarter. Royce & Associates LP now owns 690,368 shares of the insurance provider’s stock worth $11,253,000 after purchasing an additional 82,857 shares during the period. Foundry Partners LLC lifted its position in shares of Kingstone Companies by 25.7% in the 3rd quarter. Foundry Partners LLC now owns 361,400 shares of the insurance provider’s stock worth $5,891,000 after purchasing an additional 73,950 shares during the period. Vanguard Group Inc. lifted its position in shares of Kingstone Companies by 19.5% in the 2nd quarter. Vanguard Group Inc. now owns 313,997 shares of the insurance provider’s stock worth $4,804,000 after purchasing an additional 51,213 shares during the period. ACR Alpine Capital Research LLC lifted its position in shares of Kingstone Companies by 20.5% in the 3rd 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. Finally, Wasatch Advisors Inc. lifted its position in shares of Kingstone Companies by 16.2% in the 3rd quarter. Wasatch Advisors Inc. now owns 183,621 shares of the insurance provider’s stock worth $2,993,000 after purchasing an additional 25,621 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 $0.75 during mid-day trading on Thursday, reaching $19.80. 27,709 shares of the company’s stock were exchanged, compared to its average volume of 29,983. The company has a market cap of $210.39, a P/E ratio of 19.41 and a beta of 0.84. Kingstone Companies has a twelve month low of $11.90 and a twelve month high of $21.70.
Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, November 9th. The insurance provider reported $0.38 EPS 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 company’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. analysts anticipate that Kingstone Companies will post 1.05 earnings per share for the current year.
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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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