Media coverage about Kingstone Companies (NASDAQ:KINS) has trended positive recently, according to Alpha One Sentiment. Alpha One, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kingstone Companies earned a news impact score of 0.47 on Alpha One’s scale. Alpha One also gave media headlines about the insurance provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Alpha One Sentiment’s analysis:
- KINGSTONE COMPANIES, INC. (NASDAQ:KINS) Files An 8-K Regulation FD Disclosure (4-traders.com)
- Kingstone Schedules 2017 First Quarter Financial Results and Conference Call (finance.yahoo.com)
- Kingstone Companies (KINS) Earns Daily News Sentiment Rating of 0.44 (americanbankingnews.com)
- Kroll Bond Rating Agency Assigns A- Insurance Financial Strength Rating to Kingstone Insurance Company (nasdaq.com)
- Kingstone Companies Inc (KINS) Stock Rating Reaffirmed by Boenning Scattergood (americanbankingnews.com)
Separately, Boenning Scattergood restated an “outperform” rating and set a $17.00 target price on shares of Kingstone Companies in a report on Monday.
Shares of Kingstone Companies (NASDAQ:KINS) traded down 0.33% during trading on Friday, hitting $15.30. The company had a trading volume of 37,552 shares. Kingstone Companies has a 52 week low of $8.34 and a 52 week high of $16.10. The stock’s 50-day moving average price is $15.30 and its 200 day moving average price is $12.92. The company has a market capitalization of $162.50 million, a P/E ratio of 13.42 and a beta of 0.05.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Thursday, March 16th. The insurance provider reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26. Kingstone Companies had a return on equity of 16.36% and a net margin of 11.66%. The business had revenue of $20.25 million for the quarter. On average, equities research analysts forecast that Kingstone Companies will post $1.12 earnings per share for the current year.
In related news, Director Floyd R. Tupper sold 27,395 shares of the business’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $11.31, for a total transaction of $309,837.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Barry Goldstein sold 270,526 shares of the business’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $11.31, for a total value of $3,059,649.06. Following the transaction, the insider now owns 613,004 shares in the company, valued at $6,933,075.24. The disclosure for this sale can be found here. Insiders sold a total of 359,015 shares of company stock worth $4,060,460 over the last quarter. Company insiders own 23.80% of the company’s stock.
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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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