News stories about Kingstone Companies (NASDAQ:KINS) have been trending positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kingstone Companies earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
A number of research analysts have issued reports on KINS shares. ValuEngine upgraded Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Zacks Investment Research lowered Kingstone Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Boenning Scattergood reiterated an “outperform” rating and set a $17.00 price target on shares of Kingstone Companies in a research report on Monday, April 17th.
Kingstone Companies (KINS) opened at 15.82 on Wednesday. Kingstone Companies has a 12 month low of $8.45 and a 12 month high of $16.50. The firm’s 50-day moving average price is $15.11 and its 200-day moving average price is $14.30. The firm has a market cap of $168.11 million, a price-to-earnings ratio of 13.53 and a beta of 0.68.
Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Thursday, May 11th. The insurance provider reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Kingstone Companies had a return on equity of 15.00% and a net margin of 12.34%. The firm had revenue of $16.37 million during the quarter, compared to analysts’ expectations of $16.80 million. During the same period last year, the firm posted $0.07 EPS. The business’s revenue was up 12.7% on a year-over-year basis. Equities research analysts predict that Kingstone Companies will post $1.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. This is a boost from Kingstone Companies’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, May 26th. Kingstone Companies’s dividend payout ratio (DPR) is currently 26.67%.
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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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