News articles about Kingstone Companies (NASDAQ:KINS) have trended somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kingstone Companies earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.412625570772 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Kingstone Companies, Inc.: Kingstone Companies to Present at The Wall Street Investor Forum 26th Annual Investor Conference (finanznachrichten.de)
- Brokerages Expect Kingstone Companies Inc (KINS) to Announce $0.13 EPS (americanbankingnews.com)
- Kingstone Companies Inc (KINS) Insider Barry Goldstein Buys 4,000 Shares (americanbankingnews.com)
- Kingstone Companies Inc (KINS) Director Acquires $17,390.00 in Stock (americanbankingnews.com)
Kingstone Companies stock opened at $16.35 on Thursday. The firm has a market cap of $179.50, a P/E ratio of 17.39 and a beta of 0.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.82 and a quick ratio of 0.82. Kingstone Companies has a 12 month low of $13.20 and a 12 month high of $21.70.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.08. Kingstone Companies’s dividend payout ratio is currently 42.55%.
A number of research firms have recently issued reports on KINS. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Boenning Scattergood set a $24.00 price target on shares of Kingstone Companies and gave the company a “buy” rating in a report on Thursday, March 15th. Finally, Zacks Investment Research lowered shares of Kingstone Companies from a “hold” rating to a “sell” rating in a report on Tuesday.
In related news, insider Barry Goldstein acquired 4,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were purchased at an average price of $15.28 per share, for a total transaction of $61,120.00. Following the purchase, the insider now owns 632,530 shares in the company, valued at $9,665,058.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Dale A. Thatcher acquired 25,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The stock was bought at an average price of $15.00 per share, for a total transaction of $375,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 30,000 shares of company stock worth $453,510. Company insiders own 10.30% of the company’s stock.
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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