Shares of Kingstone Companies Inc (NASDAQ:KINS) have earned 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 research analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $20.00 for the company and are forecasting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Kingstone Companies an industry rank of 101 out of 255 based on the ratings given to its competitors.

Several research analysts have issued reports on the stock. Boenning Scattergood reaffirmed a “buy” rating and issued a $20.00 target price on shares of Kingstone Companies in a report on Thursday, August 9th. Zacks Investment Research cut shares of Kingstone Companies from a “hold” rating to a “strong sell” rating in a report on Saturday, July 21st. Finally, ValuEngine cut shares of Kingstone Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd.

In related news, Director Carla D’andre purchased 3,000 shares of Kingstone Companies stock in a transaction dated Tuesday, August 21st. The stock was purchased 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 can be accessed through the SEC website. Insiders bought 6,000 shares of company stock valued at $100,720 over the last quarter. Company insiders own 10.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in KINS. Russell Investments Group Ltd. bought a new stake in Kingstone Companies during the first quarter valued at approximately $123,000. First Trust Advisors LP bought a new stake in Kingstone Companies during the second quarter valued at approximately $176,000. Globeflex Capital L P lifted its holdings in Kingstone Companies by 14.8% during the second quarter. Globeflex Capital L P now owns 45,700 shares of the insurance provider’s stock valued at $772,000 after purchasing an additional 5,900 shares in the last quarter. Salzhauer Michael lifted its holdings in Kingstone Companies by 9.8% during the second quarter. Salzhauer Michael now owns 64,989 shares of the insurance provider’s stock valued at $1,098,000 after purchasing an additional 5,785 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Kingstone Companies by 5.0% during the first quarter. Wells Fargo & Company MN now owns 76,712 shares of the insurance provider’s stock valued at $1,289,000 after purchasing an additional 3,666 shares in the last quarter. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Kingstone Companies stock traded down $0.34 during trading hours on Monday, hitting $17.72. The stock had a trading volume of 16,267 shares, compared to its average volume of 17,019. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $192.59 million, a PE ratio of 18.85 and a beta of 1.08. Kingstone Companies has a 12-month low of $13.20 and a 12-month high of $21.70.

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

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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