Analysts Expect Kingstone Companies, Inc (KINS) to Announce $0.29 Earnings Per Share
Shares of Kingstone Companies, Inc (NASDAQ:KINS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $17.00 for the company and are expecting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 223 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently issued reports on KINS. Boenning Scattergood reaffirmed a “buy” rating on shares of Kingstone Companies in a research note on Friday, August 11th. Zacks Investment Research raised Kingstone Companies from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, August 15th.
Shares of Kingstone Companies (NASDAQ KINS) traded up $0.55 on Friday, reaching $19.15. The company’s stock had a trading volume of 10,532 shares, compared to its average volume of 34,738. Kingstone Companies has a one year low of $11.80 and a one year high of $19.15. The firm has a market capitalization of $203.49, a price-to-earnings ratio of 18.96 and a beta of 0.70.
Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Thursday, November 9th. The insurance provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. Kingstone Companies had a return on equity of 12.28% and a net margin of 11.59%. The company had revenue of $21.50 million for the quarter, compared to analyst estimates of $22.15 million. During the same period last year, the company earned $0.41 earnings per share. Kingstone Companies’s quarterly revenue was up 37.4% compared to the same quarter last year. research analysts predict that Kingstone Companies will post 1.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, November 29th. Kingstone Companies’s dividend payout ratio is presently 31.37%.
Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Kingstone Companies by 300.3% in the second quarter. JPMorgan Chase & Co. now owns 9,098 shares of the insurance provider’s stock worth $139,000 after acquiring an additional 6,825 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Kingstone Companies in the second quarter worth approximately $139,000. New York State Common Retirement Fund acquired a new stake in shares of Kingstone Companies in the second quarter worth approximately $148,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Kingstone Companies by 36.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,985 shares of the insurance provider’s stock worth $179,000 after acquiring an additional 2,907 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in shares of Kingstone Companies by 23.2% in the second quarter. Eagle Global Advisors LLC now owns 13,108 shares of the insurance provider’s stock worth $201,000 after acquiring an additional 2,468 shares during the last quarter. 48.69% of the stock is currently owned by hedge funds and other institutional investors.
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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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