Zacks: Kingstone Companies Inc (KINS) Given $17.50 Average Price Target by Analysts

Kingstone Companies Inc (NASDAQ:KINS) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $17.50 for the company and are anticipating that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 50 out of 265 based on the ratings given to related companies.

KINS has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, November 14th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Kingstone Companies by 36.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,985 shares of the insurance provider’s stock valued at $179,000 after acquiring an additional 2,907 shares during the period. Cadence Capital Management LLC increased its stake in shares of Kingstone Companies by 5.1% during the third quarter. Cadence Capital Management LLC now owns 107,456 shares of the insurance provider’s stock valued at $1,752,000 after acquiring an additional 5,198 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Kingstone Companies by 300.3% during the second quarter. JPMorgan Chase & Co. now owns 9,098 shares of the insurance provider’s stock valued at $139,000 after acquiring an additional 6,825 shares during the period. Laurel Wealth Advisors Inc. increased its stake in shares of Kingstone Companies by 9.8% during the second quarter. Laurel Wealth Advisors Inc. now owns 86,850 shares of the insurance provider’s stock valued at $1,328,000 after acquiring an additional 7,730 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Kingstone Companies by 8.0% during the third quarter. Janus Henderson Group PLC now owns 108,319 shares of the insurance provider’s stock valued at $1,766,000 after acquiring an additional 8,045 shares during the period. Institutional investors and hedge funds own 49.55% of the company’s stock.

Shares of Kingstone Companies (KINS) traded up $0.10 during trading hours on Friday, hitting $20.95. 39,157 shares of the company’s stock traded hands, compared to its average volume of 39,743. Kingstone Companies has a 12 month low of $11.80 and a 12 month high of $21.10. The firm has a market capitalization of $222.61, a price-to-earnings ratio of 20.54 and a beta of 0.77.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Thursday, November 9th. The insurance provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. Kingstone Companies had a net margin of 11.59% and a return on equity of 12.28%. The company had revenue of $21.50 million for the quarter, compared to analyst estimates of $22.15 million. During the same quarter last year, the business earned $0.41 earnings per share. Kingstone Companies’s revenue was up 37.4% compared to the same quarter last year. analysts anticipate that Kingstone Companies will post 1.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.53%. Kingstone Companies’s dividend payout ratio is presently 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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