Kingstone Companies, Inc (NASDAQ:KINS – Get Free Report) announced 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 yield of 1.2%. 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%annually over the last three years. Kingstone Companies has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kingstone Companies to earn $3.00 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.0%.
Kingstone Companies Price Performance
Kingstone Companies stock opened at $19.91 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $288.40 million, a price-to-earnings ratio of 9.26 and a beta of 0.43. The firm has a 50-day moving average of $17.51 and a two-hundred day moving average of $16.42. Kingstone Companies has a 1 year low of $13.08 and a 1 year high of $20.79.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.
Get Our Latest Analysis on KINS
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.
See Also
- Five stocks we like better than Kingstone Companies
- MarketBeat Week in Review – 07/20- 07/24
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
Receive News & Ratings for Kingstone Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingstone Companies and related companies with MarketBeat.com's FREE daily email newsletter.
