Kingstone Companies, Inc (NASDAQ:KINS) to Issue Dividend Increase – $0.06 Per Share

Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 11th will be paid a dividend of 0.06 per share by the insurance provider on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 11th. This is a 20.0% increase from Kingstone Companies’s previous quarterly dividend of $0.05.

Kingstone Companies has decreased its dividend by an average of 0.1%per year over the last three years. Kingstone Companies has a dividend payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kingstone Companies to earn $3.00 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 6.7%.

Kingstone Companies Price Performance

KINS stock traded down $0.35 during mid-day trading on Thursday, hitting $18.88. The stock had a trading volume of 105,390 shares, compared to its average volume of 132,737. The firm has a fifty day simple moving average of $17.33 and a 200 day simple moving average of $16.38. The firm has a market capitalization of $273.38 million, a P/E ratio of 8.78 and a beta of 0.43. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.04. Kingstone Companies has a 52 week low of $13.08 and a 52 week high of $20.79.

Kingstone Companies (NASDAQ:KINS) last released its earnings results on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Kingstone Companies had a return on equity of 28.63% and a net margin of 13.86%.The business had revenue of $59.78 million for the quarter, compared to the consensus estimate of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. As a group, research analysts forecast that Kingstone Companies will post 2.6 EPS for the current year.

Analyst Upgrades and Downgrades

KINS has been the topic of several research reports. Wall Street Zen lowered shares of Kingstone Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Kingstone Companies Company Profile

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.