Shares of Kingstone Companies, Inc (NASDAQ:KINS) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $16.00 for the company and are expecting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned Kingstone Companies an industry rank of 210 out of 265 based on the ratings given to its competitors.
Several research firms recently commented on KINS. Boenning Scattergood reissued an “outperform” rating and set a $17.00 price target on shares of Kingstone Companies in a research report on Monday, April 17th. Zacks Investment Research lowered Kingstone Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, ValuEngine raised Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th.
Kingstone Companies (NASDAQ KINS) opened at 16.35 on Tuesday. The stock has a market capitalization of $173.69 million, a price-to-earnings ratio of 13.97 and a beta of 0.71. The firm has a 50-day moving average of $14.91 and a 200 day moving average of $14.19. Kingstone Companies has a 52 week low of $8.34 and a 52 week high of $16.40.
Kingstone Companies (NASDAQ:KINS) last released its quarterly 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 analyst estimates of $16.80 million. Kingstone Companies had a return on equity of 15.00% and a net margin of 12.34%. Kingstone Companies’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. On average, analysts anticipate that Kingstone Companies will post $1.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, May 26th. Kingstone Companies’s dividend payout ratio is presently 26.67%.
Kingstone Companies Company Profile
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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