StockNews.com upgraded shares of Kingstone Companies (NASDAQ:KINS – Free Report) from a hold rating to a buy rating in a report released on Wednesday.
Separately, Janney Montgomery Scott initiated coverage on Kingstone Companies in a research note on Tuesday, July 16th. They issued a buy rating and a $6.50 target price for the company.
View Our Latest Stock Analysis on Kingstone Companies
Kingstone Companies Stock Performance
Kingstone Companies (NASDAQ:KINS – Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The insurance provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Kingstone Companies had a negative return on equity of 3.04% and a net margin of 0.22%. The firm had revenue of $36.50 million for the quarter, compared to analysts’ expectations of $36.80 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Equities analysts forecast that Kingstone Companies will post 0.96 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Kingstone Companies
An institutional investor recently raised its position in Kingstone Companies stock. Dimensional Fund Advisors LP grew its position in Kingstone Companies, Inc. (NASDAQ:KINS – Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,172 shares of the insurance provider’s stock after purchasing an additional 7,320 shares during the period. Dimensional Fund Advisors LP owned approximately 0.99% of Kingstone Companies worth $546,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 14.91% of the company’s stock.
About Kingstone Companies
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.
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