Kingstone Companies Inc (KINS) Gets a Buy Rating from Boenning & Scattergood


In a report released today, Robert Farnam from Boenning & Scattergood maintained a Buy rating on Kingstone Companies Inc (KINS), with a price target of $20. The company’s shares closed yesterday at $17.34.

Farnam observed:

“We did not project any catastrophe losses, nor did we assume any reserve development; Kingstone recorded 0.4 percentage points of favorable reserve development ($0.01 per share after tax). The company’s normalized operating EPS missed our estimate by $0.09, largely due to a higher expense ratio and a higher accident year loss ratio.”

According to TipRanks.com, Farnam is a 1-star analyst with an average return of -1.4% and a 50.0% 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.

Kingstone Companies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.

See today’s analyst top recommended stocks >>

The company has a one-year high of $21.70 and a one-year low of $13.21. Currently, Kingstone Companies Inc has an average volume of 19.1K.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts