Kingstone Companies (NASDAQ:KINS)‘s stock had its “buy” rating reissued by equities research analysts at Boenning Scattergood in a research note issued to investors on Thursday. They presently have a $20.00 price objective on the insurance provider’s stock. Boenning Scattergood’s price objective points to a potential upside of 17.86% from the company’s current price.

The analysts wrote, “We expect to see continued strong growth and profitability over time, with some blips along the way – such is the nature of the company’s business.””

Other equities analysts have also recently issued research reports about the company. ValuEngine raised Kingstone Companies from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Zacks Investment Research cut Kingstone Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 24th.

NASDAQ KINS opened at $16.97 on Thursday. Kingstone Companies has a twelve month low of $13.20 and a twelve month high of $21.70. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The stock has a market cap of $180.97 million, a P/E ratio of 18.05 and a beta of 1.21.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Thursday, November 8th. The insurance provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). The firm had revenue of $30.89 million during the quarter, compared to analyst estimates of $33.30 million. Kingstone Companies had a net margin of 5.37% and a return on equity of 6.78%. As a group, analysts expect that Kingstone Companies will post 0.85 EPS for the current year.

In other news, Director Carla D’andre purchased 3,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was purchased at an average price of $16.83 per share, with a total value of $50,490.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 10.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Kingstone Companies by 0.9% in the 3rd quarter. BlackRock Inc. now owns 476,115 shares of the insurance provider’s stock valued at $9,046,000 after purchasing an additional 4,355 shares during the period. Wasatch Advisors Inc. grew its stake in shares of Kingstone Companies by 7.2% in the 3rd quarter. Wasatch Advisors Inc. now owns 173,815 shares of the insurance provider’s stock valued at $3,302,000 after purchasing an additional 11,719 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Kingstone Companies by 398.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,387 shares of the insurance provider’s stock valued at $179,000 after purchasing an additional 7,503 shares during the period. Capital Management Associates NY grew its stake in shares of Kingstone Companies by 28.6% in the 3rd 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 period. Finally, Cadence Capital Management LLC grew its stake in shares of Kingstone Companies by 18.5% in the 3rd quarter. Cadence Capital Management LLC now owns 191,783 shares of the insurance provider’s stock valued at $3,644,000 after purchasing an additional 29,911 shares during the period. 50.75% of the stock is owned by hedge funds and other institutional investors.

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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