Kingstone Companies, Inc (NASDAQ:KINS) – Research analysts at Boenning Scattergood boosted their FY2017 earnings estimates for shares of Kingstone Companies in a research report issued on Friday. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will earn $1.05 per share for the year, up from their previous forecast of $1.00. Boenning Scattergood has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Kingstone Companies’ Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.37 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.44 EPS and Q3 2019 earnings at $0.47 EPS.
Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Thursday, November 9th. The insurance provider reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.06. Kingstone Companies had a return on equity of 12.89% and a net margin of 11.59%. The firm had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.15 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year.
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Separately, Zacks Investment Research upgraded Kingstone Companies from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, August 15th.
Shares of Kingstone Companies (NASDAQ KINS) opened at $17.30 on Monday. The firm has a market capitalization of $183.83, a P/E ratio of 17.13 and a beta of 0.70. Kingstone Companies has a 12 month low of $10.69 and a 12 month high of $17.85.
Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Kingstone Companies in the second quarter valued at $139,000. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 6,825 shares during the last quarter. New York State Common Retirement Fund acquired a new position in Kingstone Companies in the second quarter valued at $148,000. Eagle Global Advisors LLC increased its stake 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 purchasing an additional 2,468 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new position in Kingstone Companies in the second quarter valued at $225,000. Institutional investors and hedge funds own 47.52% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 1.85%. Kingstone Companies’s dividend payout ratio is currently 31.37%.
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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