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

Kingstone Companies (NASDAQ:KINS) released its quarterly earnings results on Tuesday. The insurance provider reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50, Zacks reports. The company had revenue of $40.77 million for the quarter, compared to analysts’ expectations of $41.80 million. Kingstone Companies had a return on equity of 37.53% and a net margin of 10.60%. During the same period in the prior year, the firm earned ($0.27) earnings per share.

Kingstone Companies Stock Performance

KINS traded down $0.94 on Thursday, reaching $10.98. The company had a trading volume of 159,663 shares, compared to its average volume of 81,374. The stock has a 50-day moving average price of $9.76 and a 200-day moving average price of $7.29. The stock has a market capitalization of $121.44 million, a PE ratio of 8.52 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 quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.62.

Analyst Ratings Changes

Separately, StockNews.com cut Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Tuesday.

Kingstone Companies Company Profile

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.