Kingstone Companies Inc (NASDAQ:KINS) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $20.00 for the company and are anticipating that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Kingstone Companies an industry rank of 184 out of 257 based on the ratings given to related companies.
Several brokerages recently weighed in on KINS. ValuEngine cut Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Boenning Scattergood set a $20.00 price objective on Kingstone Companies and gave the company a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research cut Kingstone Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 24th.
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Kingstone Companies in the first quarter valued at approximately $123,000. First Trust Advisors LP purchased a new stake in shares of Kingstone Companies during the second quarter worth approximately $176,000. JPMorgan Chase & Co. increased its position in shares of Kingstone Companies by 398.2% during the third quarter. JPMorgan Chase & Co. now owns 9,387 shares of the insurance provider’s stock worth $179,000 after purchasing an additional 7,503 shares in the last quarter. Capital Management Associates NY increased its position in shares of Kingstone Companies by 28.6% during the third quarter. Capital Management Associates NY now owns 22,500 shares of the insurance provider’s stock worth $427,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Globeflex Capital L P increased its position in shares of Kingstone Companies by 14.8% during the second 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. Institutional investors and hedge funds own 50.75% of the company’s stock.
KINS stock traded down $0.35 during trading on Friday, hitting $16.97. 23,169 shares of the company traded hands, compared to its average volume of 19,451. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The stock has a market cap of $184.91 million, a P/E ratio of 18.05 and a beta of 1.21. Kingstone Companies has a 1 year low of $13.20 and a 1 year high of $21.70.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Thursday, November 8th. The insurance provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). The company had revenue of $30.89 million for the quarter, compared to analysts’ expectations of $33.30 million. Kingstone Companies had a net margin of 5.37% and a return on equity of 6.78%. On average, research analysts predict that Kingstone Companies will post 0.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, November 29th. Kingstone Companies’s dividend payout ratio (DPR) is presently 42.55%.
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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