Kingstone Companies, Inc Plans Quarterly Dividend of $0.05 (NASDAQ:KINS)

Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Friday, January 30th. Stockholders 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) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend 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 payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 1.4%

Shares of KINS stock traded up $0.22 during trading on Friday, hitting $15.45. The company had a trading volume of 99,223 shares, compared to its average volume of 155,221. The stock’s 50-day moving average is $16.00 and its two-hundred day moving average is $15.10. The stock has a market capitalization of $218.62 million, a price-to-earnings ratio of 7.05 and a beta of 0.42. Kingstone Companies has a 52 week low of $13.08 and a 52 week high of $22.40.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Kingstone Companies in a research report on Monday, December 29th. Wall Street Zen lowered shares of Kingstone Companies from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus 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.