Zacks: Kingstone Companies, Inc (KINS) Receives Average Rating of “” from Analysts
Kingstone Companies, Inc (NASDAQ:KINS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price objective of $16.00 for the company and are expecting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 203 out of 265 based on the ratings given to related companies.
A number of brokerages recently weighed in on KINS. Zacks Investment Research downgraded shares of Kingstone Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Boenning Scattergood reaffirmed a “buy” rating and set a $16.00 price objective on shares of Kingstone Companies in a research report on Friday, July 14th. Finally, ValuEngine raised shares of Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th.
Kingstone Companies (NASDAQ KINS) opened at 15.85 on Friday. Kingstone Companies has a 12-month low of $8.83 and a 12-month high of $16.50. The stock has a market cap of $168.37 million, a price-to-earnings ratio of 13.55 and a beta of 0.68. The company’s 50 day moving average price is $15.82 and its 200-day moving average price is $14.87.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, August 10th. The insurance provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.09. Kingstone Companies had a net margin of 12.34% and a return on equity of 15.00%. The business had revenue of $16.95 million for the quarter, compared to the consensus estimate of $17.30 million. The firm’s revenue was up 12.9% on a year-over-year basis. On average, analysts forecast that Kingstone Companies will post $1.13 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Global Advisors LLC boosted its position in Kingstone Companies by 23.2% in the second quarter. Eagle Global Advisors LLC now owns 13,108 shares of the insurance provider’s stock valued at $201,000 after buying an additional 2,468 shares during the period. Salzhauer Michael boosted its position in Kingstone Companies by 6.0% in the second quarter. Salzhauer Michael now owns 66,800 shares of the insurance provider’s stock valued at $1,022,000 after buying an additional 3,800 shares during the period. JPMorgan Chase & Co. boosted its position in Kingstone Companies by 300.3% in the second quarter. JPMorgan Chase & Co. now owns 9,098 shares of the insurance provider’s stock valued at $139,000 after buying an additional 6,825 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in Kingstone Companies during the second quarter valued at approximately $225,000. Finally, Teachers Advisors LLC purchased a new position in Kingstone Companies during the second quarter valued at approximately $254,000. Hedge funds and other institutional investors own 40.02% of the company’s stock.
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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