Kingstone Companies, Inc (KINS) Rating Lowered to Hold at Zacks Investment Research

Kingstone Companies, Inc (NASDAQ:KINS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Kingstone Companies, Inc., formerly DCAP Group, Inc., is engaged in the ownership of an insurance company. The Company focuses on automobile, motorcycle and homeowners insurance and its customer base is primarily individuals rather than businesses. There are three Atlantic Insurance locations in eastern Pennsylvania. All of the Barry Scott, Atlantic Insurance and Accurate Agency locations are wholly owned by the Company. “

Separately, Boenning Scattergood reissued a “buy” rating on shares of Kingstone Companies in a research report on Friday, August 11th.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Thursday, August 10th. The insurance provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10). The firm had revenue of $16.95 million during the quarter, compared to analysts’ expectations of $17.30 million. Kingstone Companies had a net margin of 11.52% and a return on equity of 12.81%. Kingstone Companies’s quarterly revenue was up 12.9% on a year-over-year basis.

COPYRIGHT VIOLATION WARNING: This news story was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/2956358/kingstone-companies-inc-kins-rating-lowered-to-hold-at-zacks-investment-research.html.

Large investors have recently bought and sold shares of the business. Royce & Associates LP boosted its position in Kingstone Companies by 24.3% in the 2nd quarter. Royce & Associates LP now owns 607,511 shares of the insurance provider’s stock valued at $9,295,000 after buying an additional 118,741 shares during the last quarter. Cadence Capital Management LLC boosted its position in Kingstone Companies by 36.9% in the 2nd 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. Eagle Global Advisors LLC boosted its position in Kingstone Companies by 23.2% in the 2nd 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. Laurel Wealth Advisors Inc. boosted its position in Kingstone Companies by 9.8% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 86,850 shares of the insurance provider’s stock valued at $1,328,000 after buying an additional 7,730 shares during the last quarter. Finally, Salzhauer Michael boosted its position in Kingstone Companies by 6.0% in the 2nd 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. 47.67% of the stock is owned by institutional investors.

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.

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.