Kingstone Companies, Inc (KINS) Plans $0.08 Quarterly Dividend
Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Friday, November 10th, Wall Street Journal reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.08 per share by the insurance provider on Friday, December 15th. This represents a $0.32 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, November 29th.
Kingstone Companies (NASDAQ KINS) opened at $17.30 on Friday. Kingstone Companies has a twelve month low of $10.69 and a twelve month high of $17.85. The firm has a market capitalization of $163.12, a price-to-earnings ratio of 15.20 and a beta of 0.70.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, November 9th. The insurance provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. Kingstone Companies had a return on equity of 12.89% and a net margin of 11.59%. The business had revenue of $21.50 million during the quarter, compared to analyst estimates of $22.15 million. During the same period in the prior year, the company earned $0.41 earnings per share. Kingstone Companies’s revenue was up 37.4% compared to the same quarter last year. equities analysts anticipate that Kingstone Companies will post 1 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. State Street Corp bought a new position in shares of Kingstone Companies in the second quarter worth $1,356,000. California State Teachers Retirement System bought a new position in shares of Kingstone Companies in the second quarter worth $246,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Kingstone Companies in the second quarter worth $139,000. 47.52% of the stock is owned by hedge funds and other institutional investors.
KINS has been the subject of a number of analyst reports. Boenning Scattergood reaffirmed a “buy” rating and issued a $16.00 price target on shares of Kingstone Companies in a report on Friday, July 14th. Zacks Investment Research lowered Kingstone Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th.
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About Kingstone Companies
Kingstone Companies, Inc offers property and casualty insurance products to small businesses and individuals in New York State. The Company offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance company. The Company operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers.
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