Boenning Scattergood reissued their buy rating on shares of Kingstone Companies, Inc (NASDAQ:KINS) in a report released on Friday, July 14th. The brokerage currently has a $16.00 price target on the insurance provider’s stock.
Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Kingstone Companies from a sell rating to a hold rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Kingstone Companies from a buy rating to a strong-buy rating in a report on Tuesday, June 6th.
Kingstone Companies (NASDAQ KINS) remained flat at $15.85 during trading on Friday. 24,667 shares of the stock were exchanged. The company has a market cap of $168.37 million, a P/E ratio of 13.55 and a beta of 0.68. The stock’s 50-day moving average price is $15.77 and its 200-day moving average price is $14.77. Kingstone Companies has a 12 month low of $8.60 and a 12 month high of $16.50.
Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Thursday, May 11th. The insurance provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $16.37 million for the quarter, compared to the consensus estimate of $16.80 million. Kingstone Companies had a net margin of 12.34% and a return on equity of 15.00%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. On average, analysts expect that Kingstone Companies will post $1.13 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Global Advisors LLC increased its position in Kingstone Companies by 23.2% in the second quarter. Eagle Global Advisors LLC now owns 13,108 shares of the insurance provider’s stock valued at $201,000 after buying an additional 2,468 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in Kingstone Companies during the second quarter valued at about $225,000. Bank of New York Mellon Corp increased its position in Kingstone Companies by 245.2% in the second quarter. Bank of New York Mellon Corp now owns 34,796 shares of the insurance provider’s stock valued at $533,000 after buying an additional 24,715 shares during the last quarter. Salzhauer Michael increased its position in Kingstone Companies by 6.0% in the second quarter. Salzhauer Michael now owns 66,800 shares of the insurance provider’s stock valued at $1,022,000 after buying an additional 3,800 shares during the last quarter. Finally, Cadence Capital Management LLC increased its position in Kingstone Companies by 36.9% in the second quarter. Cadence Capital Management LLC now owns 102,258 shares of the insurance provider’s stock valued at $1,565,000 after buying an additional 27,554 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.
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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