Kingstone Companies Inc (NASDAQ:KINS) Director Floyd R. Tupper purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average price of $8.18 per share, with a total value of $16,360.00. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NASDAQ:KINS traded up $0.20 during trading hours on Friday, hitting $9.25. 1,142 shares of the company’s stock traded hands, compared to its average volume of 78,716. Kingstone Companies Inc has a 1 year low of $8.05 and a 1 year high of $20.60. The firm has a market capitalization of $96.93 million, a PE ratio of 19.68 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.47 and a quick ratio of 0.47.
Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Wednesday, May 8th. The insurance provider reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.33). Kingstone Companies had a negative net margin of 1.24% and a negative return on equity of 1.78%. The business had revenue of $34.90 million for the quarter, compared to analysts’ expectations of $35.70 million. Equities research analysts expect that Kingstone Companies Inc will post 0.3 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Thursday, May 30th. Kingstone Companies’s dividend payout ratio is presently 85.11%.
Several institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Kingstone Companies by 1,029.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,966 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 1,792 shares in the last quarter. Kore Private Wealth LLC bought a new stake in shares of Kingstone Companies during the first quarter valued at approximately $29,000. Oxford Asset Management LLP raised its stake in shares of Kingstone Companies by 14.1% during the first quarter. Oxford Asset Management LLP now owns 20,931 shares of the insurance provider’s stock valued at $309,000 after acquiring an additional 2,585 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Kingstone Companies by 15.0% during the first quarter. IHT Wealth Management LLC now owns 20,109 shares of the insurance provider’s stock valued at $296,000 after acquiring an additional 2,629 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Kingstone Companies by 37.0% during the fourth quarter. Bank of America Corp DE now owns 11,215 shares of the insurance provider’s stock valued at $199,000 after acquiring an additional 3,031 shares in the last quarter. 48.94% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on KINS. TheStreet lowered Kingstone Companies from a “b” rating to a “c+” rating in a research report on Thursday, March 14th. Zacks Investment Research lowered Kingstone Companies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 29th. Finally, Boenning Scattergood initiated coverage on Kingstone Companies in a research report on Tuesday, March 26th. They set a “buy” rating and a $17.00 target price for the company.
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Kingstone Companies Company Profile
Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.
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