Kingstone Companies (NASDAQ:KINS) received a $24.00 price objective from stock analysts at Boenning Scattergood in a note issued to investors on Thursday, March 15th. The brokerage presently has a “buy” rating on the insurance provider’s stock. Boenning Scattergood’s price objective would suggest a potential upside of 42.86% from the company’s previous close. Boenning Scattergood also issued estimates for Kingstone Companies’ Q3 2018 earnings at $0.48 EPS.
KINS has been the subject of a number of other research reports. Zacks Investment Research downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd.
Shares of NASDAQ:KINS opened at $16.80 on Thursday. Kingstone Companies has a one year low of $13.20 and a one year high of $21.70. The firm has a market cap of $177.36, a PE ratio of 17.87 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.82 and a quick ratio of 0.82.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data 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 net margin of 10.77% and a return on equity of 10.83%. The company had revenue of $25.78 million for the quarter, compared to analyst estimates of $26.80 million. equities research analysts expect that Kingstone Companies will post 1.4 EPS for the current year.
In other Kingstone Companies news, Director William L. Yankus bought 2,000 shares of Kingstone Companies stock in a transaction dated Wednesday, March 21st. The stock was bought at an average price of $16.90 per share, for a total transaction of $33,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Dale A. Thatcher bought 25,000 shares of Kingstone Companies stock in a transaction dated Tuesday, March 20th. The stock was acquired at an average price of $15.00 per share, with a total value of $375,000.00. The disclosure for this purchase can be found here. Insiders bought 32,000 shares of company stock valued at $487,310 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KINS. Gator Capital Management LLC purchased a new stake in shares of Kingstone Companies in the fourth quarter valued at $2,075,000. Next Century Growth Investors LLC lifted its holdings in shares of Kingstone Companies by 46.9% in 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 purchasing an additional 93,385 shares in the last quarter. State Street Corp purchased a new stake in shares of Kingstone Companies in the second quarter valued at $1,356,000. Royce & Associates LP increased its stake in shares of Kingstone Companies by 13.6% in the third quarter. Royce & Associates LP now owns 690,368 shares of the insurance provider’s stock worth $11,253,000 after acquiring an additional 82,857 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Kingstone Companies by 485.9% in the second quarter. Northern Trust Corp now owns 94,653 shares of the insurance provider’s stock worth $1,448,000 after acquiring an additional 78,497 shares during the last quarter. Institutional investors own 51.41% of the company’s stock.
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About Kingstone Companies
Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.
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