Kingstone Companies (KINS) Receiving Somewhat Critical Media Coverage, Study Finds

News stories about Kingstone Companies (NASDAQ:KINS) have been trending somewhat negative this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kingstone Companies earned a news sentiment score of -0.07 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 46.8230265447254 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

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KINS stock traded up $0.10 during midday trading on Friday, hitting $16.50. 69,629 shares of the stock were exchanged, compared to its average volume of 65,814. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.31. Kingstone Companies has a 52 week low of $13.20 and a 52 week high of $21.70. The firm has a market capitalization of $175.22, a P/E ratio of 17.55 and a beta of 0.92.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Wednesday, March 14th. The insurance provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16). Kingstone Companies had a net margin of 10.77% and a return on equity of 10.83%. The business had revenue of $25.78 million during the quarter, compared to analyst estimates of $26.80 million. research analysts predict that Kingstone Companies will post 1.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.42%. This is an increase from Kingstone Companies’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, February 27th. Kingstone Companies’s payout ratio is presently 42.55%.

KINS has been the subject of several research reports. ValuEngine upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Boenning Scattergood set a $24.00 price objective on shares of Kingstone Companies and gave the stock a “buy” rating in a research report on Thursday, March 15th. Finally, Zacks Investment Research downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st.

In other news, Director William L. Yankus acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were acquired at an average cost of $16.90 per share, with a total value of $33,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Dale A. Thatcher acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The stock was purchased at an average cost of $15.00 per share, for a total transaction of $375,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 32,000 shares of company stock valued at $487,310. 10.30% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Kingstone Companies (NASDAQ:KINS)

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