Shares of Kingstone Companies Inc (NASDAQ:KINS) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price target of $23.50 for the company and are forecasting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned Kingstone Companies an industry rank of 49 out of 265 based on the ratings given to its competitors.
A number of research analysts recently weighed in on KINS shares. Zacks Investment Research raised shares of 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, November 14th. ValuEngine raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Saturday.
Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Thursday, November 9th. The insurance provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $21.50 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.41 EPS. analysts expect that Kingstone Companies will post 1.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.10 dividend. This is an increase from Kingstone Companies’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, February 27th. This represents a $0.40 dividend on an annualized basis and a yield of 2.06%. Kingstone Companies’s dividend payout ratio is presently 31.68%.
Hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new stake in Kingstone Companies during the 2nd quarter worth approximately $1,534,000. Monarch Partners Asset Management LLC increased its position in Kingstone Companies by 55.4% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 31,700 shares of the insurance provider’s stock worth $517,000 after buying an additional 11,300 shares during the period. Bank of New York Mellon Corp increased its position in Kingstone Companies by 245.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 34,796 shares of the insurance provider’s stock worth $533,000 after buying an additional 24,715 shares during the period. ACR Alpine Capital Research LLC increased its position in Kingstone Companies by 20.5% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 208,452 shares of the insurance provider’s stock worth $3,398,000 after buying an additional 35,400 shares during the period. Finally, Royce & Associates LP increased its position in Kingstone Companies by 13.6% during the 3rd quarter. Royce & Associates LP now owns 690,368 shares of the insurance provider’s stock worth $11,253,000 after buying an additional 82,857 shares during the period. Institutional investors own 49.53% 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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