Boenning Scattergood reaffirmed their buy rating on shares of Kingstone Companies, Inc (NASDAQ:KINS) in a report published on Friday. Boenning Scattergood currently has a $16.00 price target on the insurance provider’s stock.
Several other brokerages have also commented on KINS. Zacks Investment Research raised Kingstone Companies from a sell rating to a hold rating in a research note on Wednesday, July 12th. ValuEngine raised Kingstone Companies from a buy rating to a strong-buy rating in a research note on Tuesday, June 6th.
Shares of Kingstone Companies (NASDAQ KINS) traded down 1.90% during mid-day trading on Friday, reaching $15.50. The company had a trading volume of 39,501 shares. The stock’s 50-day moving average price is $15.11 and its 200 day moving average price is $14.30. The company has a market capitalization of $164.66 million, a PE ratio of 13.25 and a beta of 0.68. Kingstone Companies has a 1-year low of $8.45 and a 1-year high of $16.50.
Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, May 11th. The insurance provider reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $16.37 million during the quarter, compared to analysts’ expectations of $16.80 million. Kingstone Companies had a return on equity of 15.00% and a net margin of 12.34%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. Equities analysts expect that Kingstone Companies will post $1.13 EPS for the current year.
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An institutional investor recently raised its position in Kingstone Companies stock. Salzhauer Michael raised its stake in shares of Kingstone Companies, Inc (NASDAQ:KINS) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,800 shares of the insurance provider’s stock after buying an additional 3,800 shares during the period. Salzhauer Michael owned approximately 0.63% of Kingstone Companies worth $1,022,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 42.68% of the company’s stock.
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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