Kingstone Companies Inc (NASDAQ:KINS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $11.00 for the company and are forecasting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 38 out of 256 based on the ratings given to related companies.
A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Kingstone Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. ValuEngine raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Foundry Partners LLC raised its stake in shares of Kingstone Companies by 25.5% during the 2nd quarter. Foundry Partners LLC now owns 437,877 shares of the insurance provider’s stock worth $3,788,000 after purchasing an additional 89,089 shares during the period. Monarch Partners Asset Management LLC raised its stake in Kingstone Companies by 14.2% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 54,372 shares of the insurance provider’s stock valued at $470,000 after acquiring an additional 6,770 shares during the period. Salzhauer Michael raised its stake in Kingstone Companies by 42.8% in the 2nd quarter. Salzhauer Michael now owns 83,434 shares of the insurance provider’s stock valued at $722,000 after acquiring an additional 25,000 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in Kingstone Companies in the 1st quarter valued at about $162,000. Finally, Integre Asset Management LLC raised its stake in Kingstone Companies by 65.7% in the 2nd quarter. Integre Asset Management LLC now owns 17,807 shares of the insurance provider’s stock valued at $154,000 after acquiring an additional 7,060 shares during the period. Institutional investors own 46.10% of the company’s stock.
KINS traded up $0.01 during mid-day trading on Thursday, reaching $8.53. 17,437 shares of the stock were exchanged, compared to its average volume of 64,514. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $91.92 million, a PE ratio of 18.15 and a beta of 0.61. The company has a 50 day moving average price of $8.36 and a two-hundred day moving average price of $10.09. Kingstone Companies has a 1 year low of $7.50 and a 1 year high of $18.94.
Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Thursday, August 8th. The insurance provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.25). The firm had revenue of $34.61 million for the quarter, compared to analysts’ expectations of $35.40 million. Kingstone Companies had a negative return on equity of 3.77% and a negative net margin of 2.03%. Sell-side analysts expect that Kingstone Companies will post -0.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, August 29th. Kingstone Companies’s dividend payout ratio is 53.19%.
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 offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.
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