Kingstone Companies (NASDAQ:KINS) Posts Quarterly Earnings Results, Hits Estimates

Kingstone Companies (NASDAQ:KINS) announced its quarterly earnings data on Tuesday. The insurance provider reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50, Zacks reports. The company had revenue of $40.77 million for the quarter, compared to analyst estimates of $41.80 million. Kingstone Companies had a return on equity of 37.53% and a net margin of 10.60%. During the same quarter last year, the firm posted ($0.27) EPS.

Kingstone Companies Trading Down 8.1 %

Shares of Kingstone Companies stock traded down $0.97 during trading hours on Thursday, hitting $10.95. The company’s stock had a trading volume of 171,190 shares, compared to its average volume of 81,427. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $121.11 million, a price-to-earnings ratio of 8.45 and a beta of 0.55. The firm has a fifty day moving average of $9.76 and a 200-day moving average of $7.29. Kingstone Companies has a twelve month low of $1.95 and a twelve month high of $12.81.

Analyst Ratings Changes

Separately, StockNews.com cut Kingstone Companies from a “buy” rating to a “hold” rating in a report on Tuesday.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.