Kingstone Companies Inc (KINS) Given Consensus Rating of “Strong Buy” by Brokerages

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Shares of Kingstone Companies Inc (NASDAQ:KINS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Zacks has also given Kingstone Companies an industry rank of 88 out of 255 based on the ratings given to related companies.

A number of equities analysts recently issued reports on KINS shares. Zacks Investment Research upgraded Kingstone Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine cut Kingstone Companies from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Boenning Scattergood started coverage on Kingstone Companies in a report on Tuesday, March 26th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, TheStreet cut Kingstone Companies from a “b” rating to a “c+” rating in a report on Thursday, March 14th.

In related news, insider Barry Goldstein sold 28,030 shares of Kingstone Companies stock in a transaction on Friday, January 25th. The stock was sold at an average price of $16.33, for a total value of $457,729.90. Following the transaction, the insider now directly owns 611,926 shares in the company, valued at approximately $9,992,751.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of Kingstone Companies by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 87,637 shares of the insurance provider’s stock valued at $1,550,000 after buying an additional 5,381 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kingstone Companies by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 344,389 shares of the insurance provider’s stock valued at $6,093,000 after buying an additional 18,770 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Kingstone Companies by 37.0% during the fourth quarter. Bank of America Corp DE now owns 11,215 shares of the insurance provider’s stock valued at $199,000 after buying an additional 3,031 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Kingstone Companies by 1.5% during the fourth quarter. Royce & Associates LP now owns 386,018 shares of the insurance provider’s stock valued at $6,829,000 after buying an additional 5,861 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Kingstone Companies by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 46,465 shares of the insurance provider’s stock valued at $822,000 after buying an additional 4,085 shares in the last quarter. Institutional investors and hedge funds own 50.87% of the company’s stock.

Shares of KINS traded up $0.07 during midday trading on Friday, reaching $13.68. The stock had a trading volume of 15,967 shares, compared to its average volume of 40,492. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $147.20 million, a PE ratio of 29.11 and a beta of 0.58. Kingstone Companies has a 52 week low of $13.25 and a 52 week high of $20.60.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Wednesday, March 13th. The insurance provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.20). The company had revenue of $28.94 million during the quarter, compared to analyst estimates of $29.28 million. Kingstone Companies had a return on equity of 5.68% and a net margin of 2.72%. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, equities research analysts forecast that Kingstone Companies will post 1.15 EPS for the current fiscal year.

Kingstone Companies Company Profile

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 offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.

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