According to Zacks, “Kingstone Companies, Inc., formerly DCAP Group, Inc., is engaged in the ownership of an insurance company. The Company focuses on automobile, motorcycle and homeowners insurance and its customer base is primarily individuals rather than businesses. There are three Atlantic Insurance locations in eastern Pennsylvania. All of the Barry Scott, Atlantic Insurance and Accurate Agency locations are wholly owned by the Company. “
Several other analysts also recently commented on the stock. Boenning Scattergood set a $13.00 price objective on shares of Kingstone Companies and gave the company a buy rating in a report on Monday, May 20th. ValuEngine raised shares of Kingstone Companies from a hold rating to a buy rating in a report on Thursday, August 1st.
Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Thursday, August 8th. The insurance provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.25). The business had revenue of $34.61 million during the quarter, compared to analysts’ expectations of $35.40 million. Kingstone Companies had a negative net margin of 2.03% and a negative return on equity of 3.77%. On average, research analysts expect that Kingstone Companies will post 0.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, August 29th. Kingstone Companies’s dividend payout ratio (DPR) is currently 85.11%.
Several hedge funds have recently added to or reduced their stakes in KINS. Renaissance Technologies LLC boosted its holdings in shares of Kingstone Companies by 35.0% in the 2nd quarter. Renaissance Technologies LLC now owns 385,900 shares of the insurance provider’s stock valued at $3,338,000 after acquiring an additional 100,100 shares during the last quarter. Foundry Partners LLC boosted its holdings in Kingstone Companies by 25.5% during the second quarter. Foundry Partners LLC now owns 437,877 shares of the insurance provider’s stock worth $3,788,000 after buying an additional 89,089 shares in the last quarter. Martingale Asset Management L P purchased a new stake in Kingstone Companies during the first quarter worth $505,000. Salzhauer Michael boosted its holdings in Kingstone Companies by 42.8% during the second quarter. Salzhauer Michael now owns 83,434 shares of the insurance provider’s stock worth $722,000 after buying an additional 25,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Kingstone Companies by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 344,389 shares of the insurance provider’s stock worth $6,093,000 after buying an additional 18,770 shares in the last quarter. 47.70% of the stock is currently owned by institutional investors and hedge funds.
About Kingstone Companies
Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and 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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