Kingstone Companies Inc (NASDAQ:KINS) declared a quarterly dividend on Thursday, August 9th, Wall Street Journal reports. Stockholders of record on Friday, August 31st will be paid a dividend of 0.10 per share by the insurance provider on Friday, September 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, August 30th.

Kingstone Companies has raised its dividend by an average of 18.9% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Kingstone Companies has a payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kingstone Companies to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 30.8%.

Shares of NASDAQ KINS opened at $19.40 on Friday. The firm has a market cap of $195.68 million, a PE ratio of 20.64 and a beta of 1.02. Kingstone Companies has a twelve month low of $13.20 and a twelve month high of $21.70. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Thursday, August 9th. The insurance provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). The firm had revenue of $27.55 million for the quarter, compared to the consensus estimate of $29.70 million. Kingstone Companies had a return on equity of 7.16% and a net margin of 5.83%. equities analysts anticipate that Kingstone Companies will post 0.8 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on KINS. Boenning Scattergood reissued a “buy” rating and set a $20.00 price target on shares of Kingstone Companies in a research report on Thursday, August 9th. ValuEngine raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Zacks Investment Research cut shares of Kingstone Companies from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 21st.

In other news, Director Carla D’andre purchased 2,000 shares of Kingstone Companies stock in a transaction dated Thursday, August 16th. The shares were bought at an average cost of $16.67 per share, with a total value of $33,340.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have bought 6,000 shares of company stock worth $100,720. Insiders own 10.30% of the company’s stock.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.

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Dividend History for Kingstone Companies (NASDAQ:KINS)

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