Kingstone Companies, Inc. (NASDAQ:KINS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.27 and traded as high as $10.21. Kingstone Companies shares last traded at $9.84, with a volume of 161,854 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on KINS shares. StockNews.com raised Kingstone Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, August 21st. Janney Montgomery Scott started coverage on Kingstone Companies in a report on Tuesday, July 16th. They issued a "buy" rating and a $6.50 price objective for the company.
View Our Latest Stock Analysis on Kingstone Companies
Kingstone Companies Price Performance
The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $108.83 million, a price-to-earnings ratio of 23.43 and a beta of 0.57. The company's 50 day moving average is $9.00 and its 200-day moving average is $6.29.
Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The insurance provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $36.50 million during the quarter, compared to analysts' expectations of $36.80 million. Kingstone Companies had a return on equity of 13.61% and a net margin of 3.74%. During the same period last year, the firm posted ($0.06) earnings per share. Equities research analysts anticipate that Kingstone Companies, Inc. will post 1 earnings per share for the current year.
Hedge Funds Weigh In On Kingstone Companies
An institutional investor recently raised its position in Kingstone Companies stock. Dimensional Fund Advisors LP lifted its position in shares of Kingstone Companies, Inc. (NASDAQ:KINS - Free Report) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 0.99% of Kingstone Companies worth $546,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 14.91% of the company's stock.
Kingstone Companies Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Kingstone Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kingstone Companies wasn't on the list.
While Kingstone Companies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for November 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
