Zacks: Kingstone Companies Inc (KINS) Given $20.00 Consensus Price Target by Brokerages

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

Brokerages have set a 12 month consensus price target of $20.00 for the company and are forecasting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 101 out of 255 based on the ratings given to its competitors.

KINS has been the subject of several research analyst reports. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. Boenning Scattergood set a $20.00 price objective on shares of Kingstone Companies and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Finally, Zacks Investment Research downgraded shares of Kingstone Companies from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 21st.

Shares of NASDAQ KINS traded down $0.34 during midday trading on Monday, reaching $17.72. The company’s stock had a trading volume of 16,267 shares, compared to its average volume of 17,019. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. Kingstone Companies has a fifty-two week low of $13.20 and a fifty-two week high of $21.70. The company has a market cap of $192.59 million, a price-to-earnings ratio of 18.85 and a beta of 1.08.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Thursday, August 9th. The insurance provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). Kingstone Companies had a net margin of 5.83% and a return on equity of 7.16%. The business had revenue of $27.55 million during the quarter, compared to analyst estimates of $29.70 million. On average, equities research analysts forecast that Kingstone Companies will post 0.9 earnings per share for the current year.

In other news, Director Carla D’andre acquired 3,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was acquired at an average cost of $16.83 per share, for a total transaction of $50,490.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have acquired 6,000 shares of company stock valued at $100,720. Company insiders own 10.30% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Foundry Partners LLC increased its holdings in shares of Kingstone Companies by 1.4% during the third quarter. Foundry Partners LLC now owns 362,826 shares of the insurance provider’s stock worth $6,894,000 after buying an additional 4,901 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Kingstone Companies by 3.5% during the second quarter. Northern Trust Corp now owns 98,408 shares of the insurance provider’s stock worth $1,663,000 after buying an additional 3,351 shares in the last quarter. Globeflex Capital L P increased its holdings in shares of Kingstone Companies by 14.8% during the second quarter. Globeflex Capital L P now owns 45,700 shares of the insurance provider’s stock worth $772,000 after buying an additional 5,900 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kingstone Companies by 24.0% during the second quarter. Dimensional Fund Advisors LP now owns 296,484 shares of the insurance provider’s stock worth $5,011,000 after buying an additional 57,329 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Kingstone Companies by 4.0% during the second quarter. BlackRock Inc. now owns 471,760 shares of the insurance provider’s stock worth $7,973,000 after buying an additional 18,301 shares in the last quarter. Institutional investors own 50.81% of the company’s stock.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.

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