Kingstone Companies (NASDAQ:KINS) Releases Earnings Results, Hits Expectations

Kingstone Companies (NASDAQ:KINS) issued its earnings results on Tuesday. The insurance provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50, Zacks reports. Kingstone Companies had a net margin of 10.60% and a return on equity of 37.53%. The company had revenue of $40.77 million during the quarter, compared to analysts’ expectations of $41.80 million. During the same quarter in the previous year, the company posted ($0.27) EPS.

Kingstone Companies Trading Down 9.4 %

KINS traded down $1.12 during mid-day trading on Thursday, hitting $10.80. The stock had a trading volume of 284,949 shares, compared to its average volume of 81,941. The stock’s fifty day simple moving average is $9.76 and its 200-day simple moving average is $7.29. The firm has a market capitalization of $119.45 million, a price-to-earnings ratio of 8.31 and a beta of 0.55. Kingstone Companies has a 1-year low of $1.95 and a 1-year high of $12.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.37 and a quick ratio of 0.37.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a report on Tuesday.

About Kingstone Companies

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.