Kingstone Companies Inc (NASDAQ:KINS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price target of $20.00 for the company and are predicting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also assigned Kingstone Companies an industry rank of 186 out of 257 based on the ratings given to its competitors.
A number of equities research analysts have commented on KINS shares. Boenning Scattergood restated a “buy” rating and set a $20.00 target price on shares of Kingstone Companies in a research note on Thursday, November 8th. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Finally, Zacks Investment Research cut shares of Kingstone Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 24th.
Kingstone Companies (NASDAQ:KINS) last released its earnings results on Thursday, November 8th. The insurance provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Kingstone Companies had a return on equity of 6.76% and a net margin of 5.37%. The firm had revenue of $30.89 million for the quarter, compared to the consensus estimate of $33.30 million. As a group, analysts expect that Kingstone Companies will post 0.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, November 29th. Kingstone Companies’s payout ratio is 42.55%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new stake in shares of Kingstone Companies during the first quarter valued at approximately $123,000. First Trust Advisors LP bought a new stake in shares of Kingstone Companies during the second quarter valued at approximately $176,000. JPMorgan Chase & Co. raised its position in shares of Kingstone Companies by 398.2% during the third quarter. JPMorgan Chase & Co. now owns 9,387 shares of the insurance provider’s stock valued at $179,000 after buying an additional 7,503 shares during the last quarter. Capital Management Associates NY raised its position in shares of Kingstone Companies by 28.6% during the third quarter. Capital Management Associates NY now owns 22,500 shares of the insurance provider’s stock valued at $427,000 after buying an additional 5,000 shares during the last quarter. Finally, Globeflex Capital L P raised its position in shares of Kingstone Companies by 14.8% during the second quarter. Globeflex Capital L P now owns 45,700 shares of the insurance provider’s stock valued at $772,000 after buying an additional 5,900 shares during the last quarter. Institutional investors own 50.73% of the company’s stock.
Kingstone Companies Company Profile
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 provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.
Further Reading: Asset Allocation Models, Which is Right For You?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kingstone Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingstone Companies and related companies with MarketBeat.com's FREE daily email newsletter.