Shares of Kingstone Companies Inc (NASDAQ:KINS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price target of $17.50 for the company and are anticipating that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 98 out of 265 based on the ratings given to its competitors.
A number of research firms recently weighed in on KINS. ValuEngine raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Investment Research raised shares of Kingstone Companies from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, November 14th.
Kingstone Companies (NASDAQ KINS) traded up $0.45 during midday trading on Friday, reaching $19.25. 40,986 shares of the company were exchanged, compared to its average volume of 33,244. The company has a market capitalization of $204.56, a PE ratio of 18.87 and a beta of 0.84. Kingstone Companies has a twelve month low of $11.80 and a twelve month high of $19.60.
Kingstone Companies (NASDAQ:KINS) last posted its 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. The business had revenue of $21.50 million for the quarter, compared to analysts’ expectations of $22.15 million. Kingstone Companies had a net margin of 11.59% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. research analysts forecast that Kingstone Companies will post 1.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.66%. Kingstone Companies’s payout ratio is currently 31.37%.
Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new stake in Kingstone Companies during the second quarter worth about $139,000. JPMorgan Chase & Co. grew its stake in Kingstone Companies by 300.3% during the second quarter. JPMorgan Chase & Co. now owns 9,098 shares of the insurance provider’s stock worth $139,000 after buying an additional 6,825 shares during the last quarter. New York State Common Retirement Fund bought a new stake in Kingstone Companies during the second quarter worth about $148,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Kingstone Companies by 36.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,985 shares of the insurance provider’s stock worth $179,000 after buying an additional 2,907 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new stake in Kingstone Companies during the second quarter worth about $225,000. 49.55% of the stock is currently owned by hedge funds and other institutional investors.
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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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