Shares of Kingstone Companies Inc (NASDAQ:KINS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $20.00 for the company and are expecting 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 several recent research reports. Zacks Investment Research upgraded shares of Kingstone Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine lowered shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Boenning Scattergood restated a “buy” rating and issued a $20.00 price objective on shares of Kingstone Companies in a research note on Thursday, November 8th.
In other Kingstone Companies news, insider Barry Goldstein sold 28,030 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $16.33, for a total transaction of $457,729.90. Following the transaction, the insider now directly owns 611,926 shares in the company, valued at approximately $9,992,751.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William L. Yankus purchased 2,000 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was bought at an average price of $16.07 per share, for a total transaction of $32,140.00. The disclosure for this purchase can be found here. Insiders sold a total of 68,508 shares of company stock valued at $1,149,523 in the last 90 days. 10.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Kingstone Companies by 398.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,387 shares of the insurance provider’s stock valued at $179,000 after acquiring an additional 7,503 shares during the period. Rhumbline Advisers acquired a new position in Kingstone Companies during the 4th quarter valued at about $225,000. Capital Management Associates NY lifted its stake in Kingstone Companies by 28.6% during the third quarter. Capital Management Associates NY now owns 22,500 shares of the insurance provider’s stock valued at $427,000 after purchasing an additional 5,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $822,000 after acquiring an additional 4,085 shares during the period. Finally, Monarch Partners Asset Management LLC increased its stake in shares of Kingstone Companies by 14.6% during the 4th quarter. Monarch Partners Asset Management LLC now owns 47,602 shares of the insurance provider’s stock worth $842,000 after purchasing an additional 6,060 shares during the last quarter. 50.63% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:KINS traded up $0.45 during trading hours on Monday, hitting $16.71. 23,219 shares of the stock were exchanged, compared to its average volume of 51,029. The firm has a market cap of $179.26 million, a P/E ratio of 17.78 and a beta of 0.58. Kingstone Companies has a 52-week low of $13.20 and a 52-week high of $21.35. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32.
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.
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