Kingstone Companies, Inc (KINS) Stock Rating Reaffirmed by Boenning Scattergood
Kingstone Companies, Inc (NASDAQ:KINS)‘s stock had its “buy” rating restated by stock analysts at Boenning Scattergood in a research note issued on Friday.
KINS has been the subject of a number of other reports. ValuEngine upgraded shares of Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Zacks Investment Research lowered shares of Kingstone Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th.
Shares of Kingstone Companies (NASDAQ KINS) traded down 7.451% during trading on Friday, hitting $14.669. 114,927 shares of the stock traded hands. Kingstone Companies has a 1-year low of $8.83 and a 1-year high of $16.50. The stock has a 50-day moving average of $15.82 and a 200 day moving average of $14.87. The company has a market cap of $155.83 million, a P/E ratio of 12.538 and a beta of 0.68.
Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Thursday, August 10th. The insurance provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.10. Kingstone Companies had a net margin of 12.34% and a return on equity of 15.00%. The firm had revenue of $16.95 million during the quarter, compared to the consensus estimate of $17.30 million. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts predict that Kingstone Companies will post $1.13 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Eagle Global Advisors LLC raised its position in 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 buying an additional 2,468 shares during the period. Salzhauer Michael raised its position in Kingstone Companies by 6.0% in the second quarter. Salzhauer Michael now owns 66,800 shares of the insurance provider’s stock worth $1,022,000 after buying an additional 3,800 shares during the period. New York State Common Retirement Fund purchased a new position in Kingstone Companies during the second quarter worth approximately $148,000. TIAA CREF Investment Management LLC purchased a new position in Kingstone Companies during the second quarter worth approximately $385,000. Finally, Teachers Advisors LLC purchased a new position in Kingstone Companies during the second quarter worth approximately $254,000. Institutional investors own 40.02% of the company’s stock.
About Kingstone Companies
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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