Kingstone Companies (NASDAQ:KINS) Announces Quarterly Earnings Results

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

Kingstone Companies Stock Down 9.4 %

Shares of NASDAQ:KINS opened at $10.80 on Friday. Kingstone Companies has a 12-month low of $1.95 and a 12-month 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. The firm has a market cap of $119.45 million, a P/E ratio of 8.31 and a beta of 0.55. The business has a fifty day simple moving average of $9.76 and a 200 day simple moving average of $7.29.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report 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.