Kingstone Companies (NASDAQ:KINS) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Kingstone Companies, Inc (NASDAQ:KINS) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.63 and traded as low as $14.23. Kingstone Companies shares last traded at $14.30, with a volume of 165,827 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kingstone Companies in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Kingstone Companies has a consensus rating of “Hold”.

Kingstone Companies Trading Down 5.0%

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.46 and a quick ratio of 0.46. The business’s fifty day simple moving average is $14.39 and its 200 day simple moving average is $15.63. The stock has a market cap of $202.20 million, a price-to-earnings ratio of 7.15 and a beta of 0.49.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Thursday, August 7th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. Kingstone Companies had a net margin of 14.84% and a return on equity of 33.21%. The company had revenue of $59.80 million for the quarter, compared to the consensus estimate of $45.20 million. Kingstone Companies has set its FY 2025 guidance at 1.950-2.35 EPS. On average, research analysts predict that Kingstone Companies, Inc will post 1.4 EPS for the current year.

Kingstone Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. Kingstone Companies’s dividend payout ratio is 10.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Kingstone Companies in the first quarter valued at $39,000. Police & Firemen s Retirement System of New Jersey bought a new position in Kingstone Companies in the 2nd quarter valued at about $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Kingstone Companies during the 2nd quarter valued at about $93,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Kingstone Companies during the 2nd quarter worth about $118,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Kingstone Companies in the 2nd quarter worth approximately $163,000. Institutional investors and hedge funds own 14.91% of the company’s stock.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.