Q1 2021 EPS Estimates for Kingstone Companies, Inc. Boosted by Boenning Scattergood (NASDAQ:KINS)


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Kingstone Companies, Inc. (NASDAQ:KINS) – Equities research analysts at Boenning Scattergood upped their Q1 2021 earnings per share estimates for shares of Kingstone Companies in a research report issued on Wednesday, April 14th. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will post earnings per share of ($0.23) for the quarter, up from their prior estimate of ($0.34). Boenning Scattergood also issued estimates for Kingstone Companies’ Q2 2021 earnings at $0.32 EPS, Q3 2021 earnings at $0.36 EPS, Q4 2021 earnings at $0.15 EPS, Q1 2022 earnings at ($0.35) EPS, Q2 2022 earnings at $0.36 EPS and Q4 2022 earnings at $0.23 EPS.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Friday, March 19th. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Kingstone Companies had a negative net margin of 0.47% and a negative return on equity of 0.01%. The company had revenue of $35.60 million for the quarter, compared to analysts’ expectations of $32.32 million.

Several other brokerages have also commented on KINS. TheStreet upgraded shares of Kingstone Companies from a “d+” rating to a “c-” rating in a report on Friday, March 19th. Zacks Investment Research cut Kingstone Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 16th.

Shares of KINS opened at $8.09 on Monday. Kingstone Companies has a 1-year low of $4.00 and a 1-year high of $8.98. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $7.85 and its 200-day moving average price is $6.89. The firm has a market capitalization of $86.57 million, a price-to-earnings ratio of -134.81 and a beta of 0.94.

The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, February 25th. Kingstone Companies’s dividend payout ratio is presently -17.98%.

A number of hedge funds have recently made changes to their positions in KINS. Punch & Associates Investment Management Inc. lifted its stake in shares of Kingstone Companies by 38.2% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 512,569 shares of the insurance provider’s stock worth $3,409,000 after buying an additional 141,749 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Kingstone Companies by 8.1% in the 4th quarter. Renaissance Technologies LLC now owns 502,989 shares of the insurance provider’s stock worth $3,345,000 after acquiring an additional 37,641 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Kingstone Companies by 0.8% in the 4th quarter. BlackRock Inc. now owns 170,928 shares of the insurance provider’s stock worth $1,136,000 after acquiring an additional 1,439 shares during the last quarter. 37.10% of the stock is currently owned by institutional investors.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.

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

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