Kingstone Companies (NASDAQ:KINS) Posts Earnings Results, Misses Estimates By $0.45 EPS

Kingstone Companies (NASDAQ:KINS) released its quarterly earnings data on Monday. The insurance provider reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.45), Fidelity Earnings reports. The company had revenue of $38.60 million for the quarter, compared to the consensus estimate of $37.00 million. Kingstone Companies had a negative return on equity of 3.77% and a negative net margin of 2.03%.

Shares of KINS stock traded down $0.74 on Tuesday, reaching $8.10. 15 shares of the company were exchanged, compared to its average volume of 25,808. The company has a market cap of $94.72 million, a price-to-earnings ratio of 18.62 and a beta of 0.64. The company has a 50-day moving average of $8.44 and a 200-day moving average of $8.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.49 and a quick ratio of 0.49. Kingstone Companies has a one year low of $7.50 and a one year high of $18.74.

In related news, insider Barry Goldstein acquired 5,950 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $8.16 per share, with a total value of $48,552.00. Following the transaction, the insider now directly owns 613,876 shares of the company’s stock, valued at $5,009,228.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 11,950 shares of company stock worth $97,122 in the last three months. Insiders own 8.90% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. ValuEngine raised shares of Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of Kingstone Companies from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd.

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 offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.

Further Reading: Float

Earnings History for Kingstone Companies (NASDAQ:KINS)

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