Kingstone Companies, Inc (NASDAQ:KINS) Shares Set to Pay Quarterly Dividend of $0.06

Kingstone Companies, Inc (NASDAQ:KINS) announced a quarterly dividend on Friday, October 23rd. Investors of record on Wednesday, November 11th will be given a dividend of $0.06 per share by the insurance provider on Wednesday, November 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, November 11th.

Kingstone Companies has decreased its dividend by an average of 0.1% annually over the last three years. Kingstone Companies has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Kingstone Companies to earn $2.90 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 8.3%.

Kingstone Companies Trading Down 0.7%

Kingstone Companies stock traded down $0.15 during trading on Friday, reaching $20.04. 58,487 shares of the company were exchanged, compared to its average volume of 68,969. The stock’s 50 day simple moving average is $19.23 and its two-hundred day simple moving average is $18.11. The company has a market capitalization of $290.18 million, a P/E ratio of 8.28 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.34 and a quick ratio of 0.34. Kingstone Companies has a 52-week low of $13.83 and a 52-week high of $20.90.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, August 6th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09. Kingstone Companies had a return on equity of 30.78% and a net margin of 14.85%. The company had revenue of $65.85 million during the quarter, compared to analysts’ expectations of $71.70 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, equities research analysts expect that Kingstone Companies will post 2.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KINS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded shares of Kingstone Companies from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kingstone Companies has an average rating of “Moderate Buy”.

About Kingstone Companies

Kingstone Companies, Inc is an insurance holding company that operates primarily through its subsidiary, Kingstone Insurance Company. The company focuses on property and casualty insurance for individuals and families, with an emphasis on personal lines coverage.

Its products have included homeowners, condominium, cooperative, renters, dwelling fire and personal umbrella insurance. These policies are designed to protect residential properties and personal assets against risks such as property damage, liability claims and other covered losses.

Kingstone serves customers through independent insurance agents and has historically concentrated its business in the Northeastern United States, particularly New York and other selected states in the region.