Kingstone Companies, Inc (NASDAQ:KINS) Stock Rating Reaffirmed by Boenning Scattergood
Kingstone Companies, Inc (NASDAQ:KINS)‘s stock had its “buy” rating restated by Boenning Scattergood in a research report issued on Friday. They presently have a $16.00 target price on the insurance provider’s stock. Boenning Scattergood’s price target indicates a potential downside of 0.31% from the stock’s previous close.
A number of other research analysts also recently issued reports on KINS. Zacks Investment Research upgraded shares of Kingstone Companies from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th.
Shares of Kingstone Companies (NASDAQ:KINS) opened at 16.05 on Friday. Kingstone Companies has a 12-month low of $8.45 and a 12-month high of $16.50. The company has a market capitalization of $170.50 million, a P/E ratio of 13.72 and a beta of 0.68. The company has a 50 day moving average of $15.11 and a 200-day moving average of $14.30.
Kingstone Companies (NASDAQ:KINS) last released its earnings results on Thursday, May 11th. The insurance provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Kingstone Companies had a net margin of 12.34% and a return on equity of 15.00%. The company had revenue of $16.37 million for the quarter, compared to the consensus estimate of $16.80 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that Kingstone Companies will post $1.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Kingstone Companies’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, May 26th. Kingstone Companies’s dividend payout ratio (DPR) is currently 26.67%.
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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