Kingstone Companies, Inc (KINS) to Issue Quarterly Dividend of $0.05 on November 26th

Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Tuesday, October 28th. Stockholders of record on Tuesday, November 11th will be given a dividend of 0.05 per share by the insurance provider on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 10th.

Kingstone Companies has decreased its dividend by an average of 1.0%annually over the last three years. Kingstone Companies has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kingstone Companies to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.9%.

Kingstone Companies Stock Up 0.1%

Shares of KINS opened at $14.84 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $209.85 million, a PE ratio of 7.42 and a beta of 0.47. Kingstone Companies has a 12-month low of $10.52 and a 12-month high of $22.40. The business’s 50 day moving average is $14.37 and its 200 day moving average is $15.33.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Thursday, November 6th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Kingstone Companies had a return on equity of 33.21% and a net margin of 14.84%.The business had revenue of $55.65 million for the quarter, compared to the consensus estimate of $53.20 million. Research analysts expect that Kingstone Companies will post 1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KINS has been the topic of several recent analyst reports. Wall Street Zen downgraded Kingstone Companies from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kingstone Companies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.