Kingstone Companies, Inc (NASDAQ:KINS) Receives Buy Rating from Boenning Scattergood

Boenning Scattergood restated their buy rating on shares of Kingstone Companies, Inc (NASDAQ:KINS) in a research note issued to investors on Friday. Boenning Scattergood currently has a $16.00 price target on the insurance provider’s stock.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Kingstone Companies from a sell rating to a hold rating in a report on Wednesday, July 12th. ValuEngine raised shares of Kingstone Companies from a buy rating to a strong-buy rating in a report on Tuesday, June 6th.

Kingstone Companies (NASDAQ:KINS) traded down 0.32% during mid-day trading on Friday, hitting $15.80. 88,100 shares of the stock were exchanged. The company has a market capitalization of $167.84 million, a PE ratio of 13.50 and a beta of 0.68. The stock’s 50-day moving average is $15.11 and its 200 day moving average is $14.30. Kingstone Companies has a 52 week low of $8.45 and a 52 week high of $16.50.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings results on Thursday, May 11th. The insurance provider reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $16.37 million for the quarter, compared to the consensus estimate of $16.80 million. Kingstone Companies had a net margin of 12.34% and a return on equity of 15.00%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. On average, analysts anticipate that Kingstone Companies will post $1.13 EPS for the current year.

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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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