Boenning Scattergood set a $24.00 price objective on Kingstone Companies (NASDAQ:KINS) in a research report report published on Thursday morning. The firm currently has a buy rating on the insurance provider’s stock. Boenning Scattergood also issued estimates for Kingstone Companies’ Q3 2018 earnings at $0.48 EPS.
KINS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Kingstone Companies from a buy rating to a hold rating in a report on Wednesday, February 21st. ValuEngine upgraded shares of Kingstone Companies from a hold rating to a buy rating in a report on Saturday, February 3rd.
Kingstone Companies (NASDAQ:KINS) traded down $0.70 during midday trading on Thursday, hitting $18.00. 64,841 shares of the company were exchanged, compared to its average volume of 33,046. Kingstone Companies has a twelve month low of $13.96 and a twelve month high of $21.70. The company has a market cap of $223.69, a P/E ratio of 19.89 and a beta of 0.92.
Kingstone Companies (NASDAQ:KINS) last released its earnings results on Wednesday, March 14th. The insurance provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16). Kingstone Companies had a return on equity of 10.95% and a net margin of 10.77%. The business had revenue of $25.78 million during the quarter, compared to the consensus estimate of $26.80 million. sell-side analysts predict that Kingstone Companies will post 1.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a $0.10 dividend. This is an increase from Kingstone Companies’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Tuesday, February 27th. Kingstone Companies’s payout ratio is presently 42.55%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KINS. Gator Capital Management LLC acquired a new stake in shares of Kingstone Companies during the fourth quarter valued at approximately $2,075,000. Next Century Growth Investors LLC raised its holdings in shares of Kingstone Companies by 46.9% during the fourth quarter. Next Century Growth Investors LLC now owns 292,309 shares of the insurance provider’s stock valued at $5,495,000 after acquiring an additional 93,385 shares during the period. State Street Corp acquired a new stake in shares of Kingstone Companies during the second quarter valued at approximately $1,356,000. Royce & Associates LP raised its holdings in shares of Kingstone Companies by 13.6% during the third quarter. Royce & Associates LP now owns 690,368 shares of the insurance provider’s stock valued at $11,253,000 after acquiring an additional 82,857 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Kingstone Companies by 485.9% during the second quarter. Northern Trust Corp now owns 94,653 shares of the insurance provider’s stock valued at $1,448,000 after acquiring an additional 78,497 shares during the period. Institutional investors and hedge funds own 51.70% of the company’s stock.
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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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