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


In a report released today, Robert Farnam from Boenning & Scattergood maintained a Buy rating on Kingstone Companies Inc (NASDAQ: KINS), with a price target of $20. The company’s shares closed yesterday at $15.70.

Farnam commented:

“We did not project any catastrophe losses, nor did we assume any reserve development; the press release did not mention any reserve development. If that’s the case, the company’s normalized operating EPS missed our estimate by $0.07, largely due to a higher expense ratio.”

According to TipRanks.com, Farnam is a 1-star analyst with an average return of -2.1% and a 44.4% success rate. Farnam covers the Financial sector, focusing on stocks such as 1347 Property Insurance Holdings Inc, Hallmark Financial Services, 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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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 18.93K.

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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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