Kingstone Companies, Inc (NASDAQ:KINS) – Analysts at Boenning Scattergood issued their FY2019 earnings estimates for Kingstone Companies in a research report issued to clients and investors on Thursday. Boenning Scattergood analyst R. Farnam expects that the insurance provider will post earnings per share of $1.55 for the year. Boenning Scattergood has a “Buy” rating on the stock.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Thursday, August 10th. The insurance provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.10). The company had revenue of $16.95 million during the quarter, compared to the consensus estimate of $17.30 million. Kingstone Companies had a return on equity of 12.81% and a net margin of 11.52%. Kingstone Companies’s revenue for the quarter was up 12.9% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Research Analysts Set Expectations for Kingstone Companies, Inc’s FY2019 Earnings (KINS)” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/13/research-analysts-set-expectations-for-kingstone-companies-incs-fy2019-earnings-kins.html.

Separately, Zacks Investment Research upgraded Kingstone Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Tuesday, August 29th. Kingstone Companies’s payout ratio is currently 29.91%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP boosted its holdings in shares of Kingstone Companies by 24.3% in the 2nd quarter. Royce & Associates LP now owns 607,511 shares of the insurance provider’s stock worth $9,295,000 after acquiring an additional 118,741 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Kingstone Companies by 36.9% in the 2nd quarter. Cadence Capital Management LLC now owns 102,258 shares of the insurance provider’s stock worth $1,565,000 after acquiring an additional 27,554 shares in the last quarter. Eagle Global Advisors LLC boosted its holdings in shares of Kingstone Companies by 23.2% in the 2nd quarter. Eagle Global Advisors LLC now owns 13,108 shares of the insurance provider’s stock worth $201,000 after acquiring an additional 2,468 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 7,730 shares in the last quarter. Finally, Salzhauer Michael boosted its holdings in shares of Kingstone Companies by 6.0% in the 2nd quarter. Salzhauer Michael now owns 66,800 shares of the insurance provider’s stock worth $1,022,000 after acquiring an additional 3,800 shares in the last quarter. 47.67% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Kingstone Companies (NASDAQ:KINS)

Receive News & Ratings for Kingstone Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingstone Companies Inc and related companies with MarketBeat.com's FREE daily email newsletter.