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

Shares of Kingstone Companies Inc (NASDAQ:KINS) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $17.50 for the company and are predicting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Kingstone Companies an industry rank of 45 out of 265 based on the ratings given to related companies.

Several brokerages recently commented on KINS. Zacks Investment Research raised Kingstone Companies from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, November 14th. ValuEngine raised Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

Shares of Kingstone Companies (KINS) traded down $0.11 during midday trading on Monday, hitting $20.94. The company had a trading volume of 21,032 shares, compared to its average volume of 36,075. The company has a market cap of $220.50, a PE ratio of 20.73 and a beta of 0.84. Kingstone Companies has a 1-year low of $11.90 and a 1-year high of $21.70.

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 Thomson Reuters’ consensus estimate of $0.32 by $0.06. The business had revenue of $21.50 million during the quarter, compared to analysts’ expectations of $22.15 million. Kingstone Companies had a return on equity of 12.28% and a net margin of 11.59%. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. analysts expect that Kingstone Companies will post 1.05 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in KINS. Janus Henderson Group PLC bought a new stake in Kingstone Companies during the second quarter worth approximately $1,534,000. State Street Corp bought a new stake in Kingstone Companies during the second quarter worth approximately $1,356,000. Royce & Associates LP boosted its position 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 during the period. Northern Trust Corp boosted its position in Kingstone Companies by 485.9% during the second quarter. Northern Trust Corp now owns 94,653 shares of the insurance provider’s stock worth $1,448,000 after purchasing an additional 78,497 shares during the period. Finally, Foundry Partners LLC boosted its position in Kingstone Companies by 25.7% during the third quarter. Foundry Partners LLC now owns 361,400 shares of the insurance provider’s stock worth $5,891,000 after purchasing an additional 73,950 shares during the period. 49.55% of the stock is owned by hedge funds and other institutional investors.

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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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