Today, The Panic-Proof Portfolio (Stockchase Research) and Keith Richards commented about whether ZMT.TO, WSP.TO, XLY, CSU.TO, HBM.TO, ADBE, EMA.TO, CNQ.TO, WCP.TO, CLS.TO, AQN.TO, GM, CCO.TO, TOU.TO, NOW, BDT.TO, MRVL, CS.TO, AMZN, SHOP.TO, GOOG, BSX, APTX.TO, V, ANDG, CSCO, XLE, XMI.TO, KINS are stocks to buy or sell.
As the top 11th general insurance provider in NY, with expansion into CT and CA, KINS is reiterated as a TOP PICK. Previous earnings showed a quarterly cash reserve increase on the back of a 35% increase in EPS and over 30% increase in premiums earned. It trades at 7x earnings, 2.1x book and supports a 30% ROE. We recommend trailing up the stop (from $17) to $18, looking to achieve $24 -- upside potential of 23%. Yield 1.2%
(Analysts’ price target is $24.00)