Kingstone Companies Inc (NASDAQ:KINS) Director Jay M. Haft acquired 2,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of $9.00 per share, with a total value of $18,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
KINS stock traded down $0.09 on Thursday, reaching $9.53. The company’s stock had a trading volume of 3,338 shares, compared to its average volume of 131,792. Kingstone Companies Inc has a 12-month low of $8.39 and a 12-month high of $20.60. The firm has a market capitalization of $103.61 million, a price-to-earnings ratio of 20.28 and a beta of 0.45. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.35.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Wednesday, May 8th. The insurance provider reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.33). Kingstone Companies had a negative return on equity of 1.78% and a negative net margin of 1.24%. The business had revenue of $34.90 million during the quarter, compared to analysts’ expectations of $35.70 million. Equities research analysts anticipate that Kingstone Companies Inc will post 0.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 4.20%. Kingstone Companies’s dividend payout ratio (DPR) is 85.11%.
KINS has been the subject of a number of analyst reports. TheStreet lowered Kingstone Companies from a “b” rating to a “c+” rating in a research note on Thursday, March 14th. Boenning Scattergood initiated coverage on Kingstone Companies in a research note on Tuesday, March 26th. They set a “buy” rating and a $17.00 price objective for the company. Finally, Zacks Investment Research raised Kingstone Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 15th.
Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Kingstone Companies by 1,029.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,966 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 1,792 shares during the period. Kore Private Wealth LLC acquired a new position in shares of Kingstone Companies in the first quarter valued at about $29,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Kingstone Companies in the first quarter valued at about $162,000. Hancock Whitney Corp acquired a new position in shares of Kingstone Companies in the first quarter valued at about $163,000. Finally, Bank of America Corp DE increased its holdings in shares of Kingstone Companies by 37.0% in the fourth quarter. Bank of America Corp DE now owns 11,215 shares of the insurance provider’s stock valued at $199,000 after purchasing an additional 3,031 shares during the period. Institutional investors and hedge funds own 48.19% of the company’s stock.
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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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