Kingstone Companies Inc (NASDAQ:KINS) has 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 recommendation.
Brokers have set a 12 month consensus price objective of $20.00 for the company and are anticipating that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given Kingstone Companies an industry rank of 74 out of 255 based on the ratings given to related companies.
KINS has been the subject of a number of research analyst reports. Boenning Scattergood restated a “buy” rating and issued a $20.00 target price on shares of Kingstone Companies in a research note on Thursday, November 8th. ValuEngine lowered shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, Zacks Investment Research downgraded shares of Kingstone Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 24th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Kingstone Companies by 398.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,387 shares of the insurance provider’s stock worth $179,000 after acquiring an additional 7,503 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Kingstone Companies in the fourth quarter valued at about $225,000. Capital Management Associates NY increased its stake in shares of Kingstone Companies by 28.6% during the third quarter. Capital Management Associates NY now owns 22,500 shares of the insurance provider’s stock worth $427,000 after acquiring an additional 5,000 shares during the period. Bank of New York Mellon Corp grew its position in Kingstone Companies by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 46,465 shares of the insurance provider’s stock worth $822,000 after buying an additional 4,085 shares during the period. Finally, Monarch Partners Asset Management LLC lifted its stake in shares of Kingstone Companies by 14.6% during the fourth quarter. Monarch Partners Asset Management LLC now owns 47,602 shares of the insurance provider’s stock valued at $842,000 after buying an additional 6,060 shares during the period. 50.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KINS traded up $0.45 during trading hours on Monday, hitting $16.71. The stock had a trading volume of 23,219 shares, compared to its average volume of 51,029. Kingstone Companies has a 12 month low of $13.20 and a 12 month high of $21.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $179.26 million, a P/E ratio of 17.78 and a beta of 0.58.
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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