Boenning Scattergood reiterated their buy rating on shares of Kingstone Companies, Inc (NASDAQ:KINS) in a report released on Friday, July 14th. They currently have a $16.00 price objective on the insurance provider’s stock.
Several other research analysts have also commented on the company. Zacks Investment Research lowered Kingstone Companies from a hold rating to a sell rating in a research report on Tuesday, June 13th. ValuEngine raised Kingstone Companies from a buy rating to a strong-buy rating in a research report on Tuesday, June 6th.
Shares of Kingstone Companies (KINS) opened at 14.90 on Friday. Kingstone Companies has a 52 week low of $8.83 and a 52 week high of $16.50. The stock has a 50 day moving average price of $15.80 and a 200-day moving average price of $14.89. The firm has a market capitalization of $158.28 million, a PE ratio of 12.74 and a beta of 0.68.
Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, August 10th. The insurance provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.10. The firm had revenue of $16.95 million during the quarter, compared to analysts’ expectations of $17.30 million. Kingstone Companies had a return on equity of 13.91% and a net margin of 11.52%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that Kingstone Companies will post $1.13 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, August 29th. Kingstone Companies’s dividend payout ratio (DPR) is presently 29.91%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its position in Kingstone Companies by 24.3% in the second quarter. Royce & Associates LP now owns 607,511 shares of the insurance provider’s stock valued at $9,295,000 after buying an additional 118,741 shares during the period. Northern Trust Corp increased its stake in shares of Kingstone Companies by 485.9% in the second quarter. Northern Trust Corp now owns 94,653 shares of the insurance provider’s stock valued at $1,448,000 after buying an additional 78,497 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kingstone Companies by 19.5% in the second quarter. Vanguard Group Inc. now owns 313,997 shares of the insurance provider’s stock valued at $4,804,000 after buying an additional 51,213 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kingstone Companies by 47.6% in the second quarter. Dimensional Fund Advisors LP now owns 149,082 shares of the insurance provider’s stock valued at $2,281,000 after buying an additional 48,068 shares in the last quarter. Finally, Cadence Capital Management LLC increased its stake in shares of Kingstone Companies by 36.9% in the second quarter. Cadence Capital Management LLC now owns 102,258 shares of the insurance provider’s stock valued at $1,565,000 after buying an additional 27,554 shares in the last quarter. 40.02% of the stock is currently owned by institutional investors.
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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