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

Kingstone Companies, Inc (NASDAQ:KINS) announced a quarterly dividend on Friday, January 30th. Shareholders of record on Wednesday, February 11th will be paid a dividend of 0.05 per share by the insurance provider on Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, February 11th.

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% indicating that 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 Trading Up 1.4%

Shares of KINS opened at $15.45 on Friday. The firm has a market capitalization of $218.62 million, a price-to-earnings ratio of 7.05 and a beta of 0.42. The firm’s fifty day simple moving average is $16.01 and its 200-day simple moving average is $15.11. Kingstone Companies has a twelve month low of $13.08 and a twelve month high of $22.40.

Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Thursday, November 6th. The insurance provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The firm had revenue of $55.65 million for the quarter, compared to analyst estimates of $53.20 million. Kingstone Companies had a return on equity of 33.69% and a net margin of 15.68%. On average, analysts predict that Kingstone Companies will post 1.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Kingstone Companies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

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.