ValuEngine upgraded shares of Kingstone Companies (NASDAQ:KINS) from a hold rating to a buy rating in a report published on Monday.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Kingstone Companies from a hold rating to a strong sell rating in a research note on Saturday, July 21st. Boenning Scattergood set a $20.00 target price on shares of Kingstone Companies and gave the stock a buy rating in a research note on Wednesday, August 22nd.
Kingstone Companies stock traded down $0.20 during midday trading on Monday, reaching $17.68. The company had a trading volume of 2 shares, compared to its average volume of 19,742. The firm has a market capitalization of $180.00 million, a PE ratio of 18.67 and a beta of 1.08. Kingstone Companies has a 12-month low of $13.20 and a 12-month high of $21.70. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33.
Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings results on Thursday, August 9th. The insurance provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.07). The company had revenue of $27.55 million during the quarter, compared to analysts’ expectations of $29.70 million. Kingstone Companies had a net margin of 5.83% and a return on equity of 7.16%. On average, sell-side analysts predict that Kingstone Companies will post 0.85 EPS for the current fiscal year.
In other Kingstone Companies news, Director Carla D’andre bought 3,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were acquired at an average cost of $16.83 per share, with a total value of $50,490.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 6,000 shares of company stock worth $100,720 over the last three months. Corporate insiders own 10.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in Kingstone Companies in the 1st quarter worth approximately $123,000. First Trust Advisors LP purchased a new position in Kingstone Companies in the 2nd quarter worth approximately $176,000. Globeflex Capital L P lifted its stake in Kingstone Companies by 14.8% in the 2nd quarter. Globeflex Capital L P now owns 45,700 shares of the insurance provider’s stock worth $772,000 after purchasing an additional 5,900 shares in the last quarter. Salzhauer Michael increased its holdings in shares of Kingstone Companies by 9.8% during the 2nd quarter. Salzhauer Michael now owns 64,989 shares of the insurance provider’s stock worth $1,098,000 after buying an additional 5,785 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Kingstone Companies by 5.0% during the 1st quarter. Wells Fargo & Company MN now owns 76,712 shares of the insurance provider’s stock worth $1,289,000 after buying an additional 3,666 shares during the last quarter. 50.84% of the stock is currently owned by institutional investors and hedge funds.
Kingstone Companies Company Profile
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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