NasdaqCM:KINSInsurance
Kingstone Companies (KINS) Stock Pullback Follows Record Profit And Rising Risk Questions
Kingstone Companies stock just gave back 8.5% in a single session, even as the insurer posted what management called the most profitable quarter in its history. The market is trading the headline price drop. The earnings print centers on a different headline, a 70.2% combined ratio and US$15.5m in net income that indicate significant underwriting profitability for a regional carrier of this size.
Coming into today, Kingstone had already logged a strong 90 day run. The key issue now is whether...