Boenning & Scattergood Maintains Their Buy Rating on Kingstone Companies Inc (KINS)


Boenning & Scattergood analyst Robert Farnam maintained a Buy rating on Kingstone Companies Inc (KINS) today and set a price target of $20. The company’s shares closed on Friday at $16.97.

Farnam commented:

“We expect to see continued strong growth and profitability over time, with some blips along the way – such is the nature of the company’s business.”

According to TipRanks.com, Farnam is a 1-star analyst with an average return of -2.3% and a 41.7% success rate. Farnam covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, 1347 Property Insurance Holdings Inc, and Selective Insurance Group.

Currently, the analyst consensus on Kingstone Companies Inc is a Moderate Buy with an average price target of $21.

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Kingstone Companies Inc’s market cap is currently $180.9M and has a P/E ratio of 30.30. The company has a Price to Book ratio of 2.04.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KINS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Kingstone Cos., Inc. is a holding company, which engages in the provision of property and casualty insurance policies to individuals and small businesses through its wholly owned subsidiary, Kingstone Insurance Company. It writes business exclusively through independent retail and wholesale agents and brokers.

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