Kingstone Companies, Inc (NASDAQ:KINS) – Equities research analysts at Boenning Scattergood increased their FY2017 earnings per share (EPS) estimates for shares of Kingstone Companies in a research report issued on Friday. Boenning Scattergood analyst R. Farnam now forecasts that the insurance provider will post earnings of $1.05 per share for the year, up from their previous forecast of $1.00. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Kingstone Companies’ Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.37 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.44 EPS and Q3 2019 earnings at $0.47 EPS.
Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Thursday, November 9th. The insurance provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. The company had revenue of $21.50 million during the quarter, compared to analyst estimates of $22.15 million. Kingstone Companies had a return on equity of 12.28% and a net margin of 11.59%. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share.
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Separately, Zacks Investment Research upgraded Kingstone Companies from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday.
Kingstone Companies (NASDAQ:KINS) opened at $17.85 on Monday. The firm has a market capitalization of $183.30, a P/E ratio of 17.08 and a beta of 0.70. Kingstone Companies has a 52-week low of $11.70 and a 52-week high of $17.95.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, November 29th. Kingstone Companies’s dividend payout ratio (DPR) is 31.37%.
A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in Kingstone Companies by 8.0% during the third quarter. Janus Henderson Group PLC now owns 108,319 shares of the insurance provider’s stock worth $1,766,000 after purchasing an additional 8,045 shares in the last quarter. Royce & Associates LP lifted its stake in Kingstone Companies by 13.6% during the third quarter. Royce & Associates LP now owns 690,368 shares of the insurance provider’s stock worth $11,253,000 after purchasing an additional 82,857 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Kingstone Companies by 2,223.2% during the third quarter. Wells Fargo & Company MN now owns 65,050 shares of the insurance provider’s stock worth $1,061,000 after purchasing an additional 62,250 shares in the last quarter. Cadence Capital Management LLC lifted its stake in Kingstone Companies by 5.1% during the third quarter. Cadence Capital Management LLC now owns 107,456 shares of the insurance provider’s stock worth $1,752,000 after purchasing an additional 5,198 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its stake in Kingstone Companies by 16.2% during the third quarter. Wasatch Advisors Inc. now owns 183,621 shares of the insurance provider’s stock worth $2,993,000 after purchasing an additional 25,621 shares in the last quarter. Institutional investors own 47.41% 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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