Kingstone Companies, Inc. (NASDAQ:KINS) – Investment analysts at Boenning Scattergood cut their FY2021 earnings per share (EPS) estimates for shares of Kingstone Companies in a research note issued on Monday, November 22nd. Boenning Scattergood analyst R. Farnam now forecasts that the insurance provider will post earnings per share of ($1.35) for the year, down from their previous forecast of ($0.63). Boenning Scattergood 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.
KINS has been the subject of a number of other reports. Zacks Investment Research raised shares of Kingstone Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 14th. TheStreet cut shares of Kingstone Companies from a “c” rating to a “d+” rating in a research report on Friday, November 12th.
Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data 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 last year, the company earned ($0.27) EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th will be given a $0.04 dividend. The ex-dividend date is Monday, November 29th. This represents a $0.16 dividend on an annualized basis and a yield of 3.19%. Kingstone Companies’s payout ratio is currently -25.00%.
Large investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC purchased a new position in Kingstone Companies in the 2nd quarter valued at about $33,000. State Street Corp purchased a new position in Kingstone Companies in the 2nd quarter valued at about $224,000. Advisor Group Holdings Inc. boosted its position in Kingstone Companies by 3.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 49,259 shares of the insurance provider’s stock valued at $384,000 after buying an additional 1,606 shares during the last quarter. Eidelman Virant Capital boosted its position in Kingstone Companies by 5.0% in the 3rd quarter. Eidelman Virant Capital now owns 80,916 shares of the insurance provider’s stock valued at $537,000 after buying an additional 3,870 shares during the last quarter. Finally, Salzhauer Michael boosted its position in Kingstone Companies by 3.6% in the 2nd quarter. Salzhauer Michael now owns 85,805 shares of the insurance provider’s stock valued at $669,000 after buying an additional 3,000 shares during the last quarter. 37.61% of the stock is owned by 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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