Kingstone Companies Inc (NASDAQ:KINS) – Research analysts at Boenning Scattergood lifted their Q2 2018 EPS estimates for shares of Kingstone Companies in a report released on Thursday. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.37. Boenning Scattergood also issued estimates for Kingstone Companies’ FY2019 earnings at $1.81 EPS.
Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Thursday, November 9th. The insurance provider reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The firm had revenue of $21.50 million for the quarter, compared to analyst estimates of $22.15 million. Kingstone Companies had a net margin of 11.59% and a return on equity of 12.28%. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share.
Kingstone Companies (NASDAQ:KINS) traded up $0.10 during trading on Monday, reaching $19.25. 16,878 shares of the company’s stock traded hands, compared to its average volume of 61,189. The firm has a market capitalization of $206.15, a price-to-earnings ratio of 18.87 and a beta of 0.77. Kingstone Companies has a 12-month low of $11.80 and a 12-month high of $19.60.
Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC acquired a new position in Kingstone Companies in the 2nd quarter worth approximately $1,534,000. Monarch Partners Asset Management LLC boosted its stake in Kingstone Companies by 55.4% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 31,700 shares of the insurance provider’s stock worth $517,000 after purchasing an additional 11,300 shares during the period. Bank of New York Mellon Corp boosted its stake in Kingstone Companies by 245.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 34,796 shares of the insurance provider’s stock worth $533,000 after purchasing an additional 24,715 shares during the period. Laurel Wealth Advisors Inc. boosted its stake in Kingstone Companies by 9.8% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 86,850 shares of the insurance provider’s stock worth $1,328,000 after purchasing an additional 7,730 shares during the period. Finally, ACR Alpine Capital Research LLC boosted its stake in Kingstone Companies by 20.5% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 208,452 shares of the insurance provider’s stock worth $3,398,000 after purchasing an additional 35,400 shares during the period. 49.55% of the stock is owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.08 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.32 annualized dividend and a yield of 1.66%. Kingstone Companies’s dividend payout ratio (DPR) is 31.37%.
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About Kingstone Companies
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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