Kingstone Companies Inc (NASDAQ:KINS) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $23.50 for the company and are forecasting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned Kingstone Companies an industry rank of 53 out of 265 based on the ratings given to its competitors.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, November 14th. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd.
Kingstone Companies (NASDAQ:KINS) traded up $0.25 during mid-day trading on Wednesday, hitting $20.75. 35,985 shares of the company were exchanged, compared to its average volume of 31,329. The stock has a market capitalization of $217.84, a price-to-earnings ratio of 20.34 and a beta of 0.84. Kingstone Companies has a 12-month low of $12.85 and a 12-month high of $21.70.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.10 dividend. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, February 27th. Kingstone Companies’s dividend payout ratio is currently 31.37%.
A number of institutional investors have recently made changes to their positions in KINS. Gator Capital Management LLC purchased a new position in Kingstone Companies in the fourth quarter valued at approximately $2,075,000. Janus Henderson Group PLC purchased a new position in Kingstone Companies in the second quarter valued at approximately $1,534,000. Next Century Growth Investors LLC increased its stake in Kingstone Companies by 46.9% in the fourth quarter. Next Century Growth Investors LLC now owns 292,309 shares of the insurance provider’s stock valued at $5,495,000 after purchasing an additional 93,385 shares during the last quarter. State Street Corp purchased a new position in Kingstone Companies in the second quarter valued at approximately $1,356,000. Finally, Royce & Associates LP increased its stake in Kingstone Companies by 13.6% in the third quarter. Royce & Associates LP now owns 690,368 shares of the insurance provider’s stock valued at $11,253,000 after purchasing an additional 82,857 shares during the last quarter. Institutional investors own 50.59% of the company’s stock.
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Kingstone Companies Company Profile
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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