Kingstone Companies, Inc. (NASDAQ:KINS) – Analysts at Boenning Scattergood boosted their Q3 2018 earnings per share (EPS) estimates for shares of Kingstone Companies in a research note issued to investors on Wednesday, April 11th. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will post earnings per share of $0.49 for the quarter, up from their prior forecast of $0.48. Boenning Scattergood has a “Buy” rating and a $24.00 price target on the stock. Boenning Scattergood also issued estimates for Kingstone Companies’ Q4 2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.51 EPS and Q3 2019 earnings at $0.62 EPS.
Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Wednesday, March 14th. The insurance provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.16). Kingstone Companies had a net margin of 10.77% and a return on equity of 10.83%. The business had revenue of $25.78 million during the quarter, compared to analysts’ expectations of $26.80 million.
Kingstone Companies stock opened at $17.30 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.31. Kingstone Companies has a 1-year low of $13.20 and a 1-year high of $21.70. The company has a market capitalization of $181.63, a P/E ratio of 18.28 and a beta of 0.96.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This is an increase from Kingstone Companies’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. Kingstone Companies’s payout ratio is 42.55%.
In other news, COO Dale A. Thatcher bought 25,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were bought at an average cost of $15.00 per share, for a total transaction of $375,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William L. Yankus bought 2,000 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were purchased at an average price of $16.90 per share, for a total transaction of $33,800.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 32,000 shares of company stock worth $487,310. Company insiders own 10.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in Kingstone Companies by 132.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,741 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 4,412 shares in the last quarter. Millennium Management LLC purchased a new stake in Kingstone Companies during the fourth quarter worth $198,000. Eqis Capital Management Inc. purchased a new stake in Kingstone Companies during the fourth quarter worth $200,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Kingstone Companies by 36.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,985 shares of the insurance provider’s stock worth $179,000 after purchasing an additional 2,907 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Kingstone Companies during the fourth quarter worth $229,000. Institutional investors own 51.41% of the company’s stock.
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 provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.
Receive News & Ratings for Kingstone Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingstone Companies and related companies with MarketBeat.com's FREE daily email newsletter.