Media headlines about Kingstone Companies (NASDAQ:KINS) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kingstone Companies earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the insurance provider an impact score of 46.5643562633311 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of brokerages recently weighed in on KINS. Boenning Scattergood set a $21.00 price objective on Kingstone Companies and gave the company a “buy” rating in a research report on Thursday, May 10th. ValuEngine downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research downgraded Kingstone Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th.
KINS stock traded down $0.06 during trading on Thursday, reaching $17.44. 1,343 shares of the company traded hands, compared to its average volume of 18,715. Kingstone Companies has a 12 month low of $13.20 and a 12 month high of $21.70. The company has a market cap of $185.62 million, a P/E ratio of 18.55 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.67 and a quick ratio of 0.67.
Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Thursday, May 10th. The insurance provider reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.17. Kingstone Companies had a return on equity of 6.67% and a net margin of 5.93%. The company had revenue of $25.70 million during the quarter, compared to analysts’ expectations of $28.30 million. analysts anticipate that Kingstone Companies will post 1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Wednesday, May 30th. Kingstone Companies’s dividend payout ratio (DPR) is presently 42.55%.
In other Kingstone Companies news, Director William L. Yankus purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was bought at an average cost of $16.90 per share, for a total transaction of $33,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barry Goldstein purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was acquired at an average price of $15.28 per share, with a total value of $61,120.00. Following the completion of the purchase, the insider now owns 632,530 shares of the company’s stock, valued at approximately $9,665,058.40. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 32,000 shares of company stock valued at $487,310. 10.30% of the stock is currently owned by company insiders.
About Kingstone Companies
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 provides personal lines insurance products, such as homeowners and dwelling fire multi-peril, cooperative/condominium, renter, and personal umbrella policies.
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