Kingstone Companies (NASDAQ:KINS) Updates FY 2024 Earnings Guidance

Kingstone Companies (NASDAQ:KINS - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.300-1.600 for the period, compared to the consensus EPS estimate of 1.360. The company issued revenue guidance of -. Kingstone Companies also updated its FY 2025 guidance to 1.450-1.850 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Kingstone Companies from a "hold" rating to a "buy" rating in a research note on Wednesday.

Kingstone Companies Trading Up 2.0 %

Shares of KINS stock traded up $0.27 during mid-day trading on Wednesday, hitting $13.56. The company's stock had a trading volume of 464,089 shares, compared to its average volume of 90,273. The company's fifty day simple moving average is $9.99 and its 200-day simple moving average is $7.52. Kingstone Companies has a 52 week low of $1.95 and a 52 week high of $14.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $167.45 million, a PE ratio of 10.70 and a beta of 0.55.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, meeting analysts' consensus estimates of $0.50. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. The firm had revenue of $40.77 million during the quarter, compared to analyst estimates of $41.80 million. During the same period in the previous year, the business earned ($0.27) EPS. As a group, equities research analysts expect that Kingstone Companies will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kingstone Companies news, Director Carla D'andre acquired 4,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $10.98 per share, with a total value of $43,920.00. Following the purchase, the director now directly owns 4,000 shares of the company's stock, valued at approximately $43,920. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.20% of the stock is currently owned by corporate insiders.

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.