Kingstone Companies Inc (KINS) Receives Average Rating of “Strong Buy” from Analysts

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

Analysts have set a 1-year consensus price objective of $23.50 for the company and are expecting 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 41 out of 265 based on the ratings given to its competitors.

Several analysts recently commented 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 objective for the company in a report on Tuesday, November 14th. ValuEngine raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

A number of hedge funds and other institutional investors have recently made changes to their positions in KINS. Gator Capital Management LLC acquired a new position in Kingstone Companies in the 4th quarter valued at approximately $2,075,000. Janus Henderson Group PLC acquired a new position in Kingstone Companies in the 2nd quarter valued at approximately $1,534,000. Next Century Growth Investors LLC increased its position in Kingstone Companies by 46.9% in the 4th quarter. Next Century Growth Investors LLC now owns 292,309 shares of the insurance provider’s stock valued at $5,495,000 after acquiring an additional 93,385 shares during the period. State Street Corp acquired a new position in Kingstone Companies in the 2nd quarter valued at approximately $1,356,000. Finally, Royce & Associates LP increased its position in Kingstone Companies by 13.6% in the 3rd quarter. Royce & Associates LP now owns 690,368 shares of the insurance provider’s stock valued at $11,253,000 after acquiring an additional 82,857 shares during the period. Hedge funds and other institutional investors own 50.59% of the company’s stock.

Kingstone Companies (NASDAQ KINS) opened at $20.70 on Wednesday. The firm has a market cap of $222.62, a PE ratio of 20.29 and a beta of 0.84. Kingstone Companies has a 52 week low of $12.00 and a 52 week high of $21.70.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.93%. This is a boost from Kingstone Companies’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, February 27th. Kingstone Companies’s dividend payout ratio is currently 31.37%.

ILLEGAL ACTIVITY NOTICE: “Kingstone Companies Inc (KINS) Receives Average Rating of “Strong Buy” from Analysts” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2018/02/14/kingstone-companies-inc-kins-receives-average-rating-of-strong-buy-from-analysts.html.

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.

Get a free copy of the Zacks research report on Kingstone Companies (KINS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply