Kingstone Companies, Inc (KINS) To Go Ex-Dividend on February 11th

Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Friday, January 30th. Investors 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 yield of 1.2%. The ex-dividend date is Wednesday, February 11th.

Kingstone Companies has decreased its dividend payment 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. 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 Performance

KINS opened at $16.05 on Monday. Kingstone Companies has a 1 year low of $13.08 and a 1 year high of $22.40. The firm has a 50 day moving average price of $16.09 and a 200 day moving average price of $15.12. The company has a market cap of $227.06 million, a PE ratio of 7.33 and a beta of 0.42.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of Kingstone Companies by 80.1% in the third quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 1,017 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Kingstone Companies in the second quarter valued at $39,000. State of Alaska Department of Revenue acquired a new position in Kingstone Companies during the fourth quarter worth about $45,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Kingstone Companies in the second quarter worth about $93,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Kingstone Companies in the 2nd quarter worth approximately $118,000. 14.91% of the stock is currently owned by institutional investors.

About Kingstone Companies

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.