Kingstone Companies Inc (NASDAQ:KINS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $20.00 for the company and are forecasting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 104 out of 255 based on the ratings given to related companies.
Several equities research analysts have issued reports on the company. Boenning Scattergood set a $21.00 price target on Kingstone Companies and gave the company a “buy” rating in a report on Thursday, May 10th. Zacks Investment Research raised Kingstone Companies from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 13th. Finally, ValuEngine downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.
Shares of Kingstone Companies opened at $16.90 on Wednesday, Marketbeat reports. Kingstone Companies has a 1 year low of $13.20 and a 1 year high of $21.70. The firm has a market cap of $182.29 million, a price-to-earnings ratio of 17.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.67 and a quick ratio of 0.67.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Thursday, May 10th. The insurance provider reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.17. Kingstone Companies had a return on equity of 6.67% and a net margin of 5.93%. The business had revenue of $25.70 million during the quarter, compared to the consensus estimate of $28.30 million. sell-side analysts forecast that Kingstone Companies will post 1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Wednesday, May 30th. Kingstone Companies’s dividend payout ratio is 42.55%.
A number of institutional investors have recently made changes to their positions in KINS. Wells Fargo & Company MN lifted its holdings in Kingstone Companies by 12.3% during the 4th quarter. Wells Fargo & Company MN now owns 73,046 shares of the insurance provider’s stock valued at $1,374,000 after purchasing an additional 7,996 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Kingstone Companies by 132.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,741 shares of the insurance provider’s stock worth $146,000 after buying an additional 4,412 shares during the period. Bank of New York Mellon Corp increased its position in Kingstone Companies by 26.2% during the 4th quarter. Bank of New York Mellon Corp now owns 42,103 shares of the insurance provider’s stock worth $792,000 after buying an additional 8,745 shares during the period. BlackRock Inc. increased its position in Kingstone Companies by 2.2% during the 4th quarter. BlackRock Inc. now owns 457,793 shares of the insurance provider’s stock worth $8,606,000 after buying an additional 9,687 shares during the period. Finally, EAM Investors LLC bought a new position in Kingstone Companies during the 4th quarter worth $648,000. 50.62% of the stock is owned by institutional investors and hedge funds.
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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