Boenning Scattergood Brokers Decrease Earnings Estimates for Kingstone Companies, Inc. (NASDAQ:KINS)

Kingstone Companies, Inc. (NASDAQ:KINS) – Equities research analysts at Boenning Scattergood cut their FY2021 earnings estimates for shares of Kingstone Companies in a note issued to investors on Monday, November 22nd. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will post earnings of ($1.35) per share for the year, down from their previous forecast of ($0.63). Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Kingstone Companies’ Q4 2021 earnings at ($0.03) EPS, Q1 2022 earnings at ($0.18) EPS, Q3 2022 earnings at $0.16 EPS, Q4 2022 earnings at ($0.03) EPS and FY2022 earnings at $0.15 EPS.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Kingstone Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 14th. TheStreet downgraded Kingstone Companies from a “c” rating to a “d+” rating in a report on Friday, November 12th.

Kingstone Companies stock opened at $5.01 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.43 and a quick ratio of 0.43. Kingstone Companies has a one year low of $4.78 and a one year high of $8.98. The stock has a market capitalization of $52.52 million, a PE ratio of -7.83 and a beta of 0.90. The business’s fifty day moving average is $5.99 and its 200 day moving average is $7.09.

Kingstone Companies (NASDAQ:KINS) last released its earnings results on Thursday, November 11th. The insurance provider reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.55). Kingstone Companies had a negative return on equity of 15.39% and a negative net margin of 4.28%. During the same period in the previous year, the firm earned ($0.27) earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Tuesday, November 30th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, November 29th. Kingstone Companies’s dividend payout ratio (DPR) is currently -25.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of KINS. O Shaughnessy Asset Management LLC bought a new position in shares of Kingstone Companies in the second quarter worth about $33,000. State Street Corp bought a new position in shares of Kingstone Companies in the second quarter worth about $224,000. Advisor Group Holdings Inc. raised its stake in shares of Kingstone Companies by 3.4% in the second quarter. Advisor Group Holdings Inc. now owns 49,259 shares of the insurance provider’s stock worth $384,000 after buying an additional 1,606 shares during the period. Eidelman Virant Capital raised its stake in shares of Kingstone Companies by 5.0% in the third quarter. Eidelman Virant Capital now owns 80,916 shares of the insurance provider’s stock worth $537,000 after buying an additional 3,870 shares during the period. Finally, Salzhauer Michael raised its stake in Kingstone Companies by 3.6% during the 2nd quarter. Salzhauer Michael now owns 85,805 shares of the insurance provider’s stock valued at $669,000 after purchasing an additional 3,000 shares during the period. 37.61% of the stock is currently owned by hedge funds and other institutional investors.

Kingstone Companies Company Profile

Kingstone Cos., Inc operates as a holding company, which engages in the provision of property and casualty insurance policies to individuals and small businesses through its subsidiary. Its writing business are carried through independent retail and wholesale agents and brokers. The company was founded in 1886 and is headquartered in Kingston, NY.

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Earnings History and Estimates for Kingstone Companies (NASDAQ:KINS)

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