Kingstone Companies Inc (NASDAQ:KINS) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $13.00 for the company and are predicting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 151 out of 256 based on the ratings given to related companies.
KINS has been the topic of a number of recent analyst reports. TheStreet raised shares of ExOne from a “d” rating to a “c” rating in a report on Thursday, March 14th. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Boenning Scattergood set a $13.00 price target on shares of Kingstone Companies and gave the stock a “buy” rating in a report on Monday, May 20th.
In other news, CEO Dale A. Thatcher purchased 25,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $9.00 per share, with a total value of $225,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 32,000 shares of company stock worth $285,390 over the last three months. 8.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Martingale Asset Management L P purchased a new stake in shares of Kingstone Companies during the 1st quarter worth about $505,000. Dimensional Fund Advisors LP boosted its position in shares of Kingstone Companies by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 344,389 shares of the insurance provider’s stock worth $6,093,000 after buying an additional 18,770 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Kingstone Companies in the 4th quarter worth about $225,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Kingstone Companies in the 1st quarter worth about $162,000. Finally, BlackRock Inc. boosted its position in shares of Kingstone Companies by 2.2% in the 4th quarter. BlackRock Inc. now owns 486,762 shares of the insurance provider’s stock worth $8,610,000 after buying an additional 10,647 shares in the last quarter. 47.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KINS stock traded up $0.02 during trading hours on Friday, hitting $8.79. The company’s stock had a trading volume of 51,404 shares, compared to its average volume of 71,470. The stock has a 50 day simple moving average of $8.95. The stock has a market cap of $96.10 million, a PE ratio of 18.70 and a beta of 0.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.47. Kingstone Companies has a 12-month low of $8.01 and a 12-month high of $20.60.
Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Wednesday, May 8th. The insurance provider reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.33). The business had revenue of $34.90 million during the quarter, compared to analysts’ expectations of $35.70 million. Kingstone Companies had a negative net margin of 1.24% and a negative return on equity of 1.78%. Research analysts expect that Kingstone Companies will post 0.3 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Thursday, May 30th. Kingstone Companies’s dividend payout ratio (DPR) is presently 85.11%.
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.
Featured Article: Elliott Wave Theory
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.