Somewhat Positive News Coverage Somewhat Unlikely to Affect Kingstone Companies (KINS) Stock Price
News stories about Kingstone Companies (NASDAQ:KINS) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press 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 positive one, with scores closest to one being the most favorable. Kingstone Companies earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 46.7844938419588 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research analysts have recently weighed in on KINS shares. Zacks Investment Research raised shares of Kingstone Companies from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, August 15th. Boenning Scattergood reissued a “buy” rating on shares of Kingstone Companies in a research note on Friday, August 11th. Finally, ValuEngine raised shares of Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th.
Kingstone Companies (NASDAQ:KINS) opened at 14.80 on Wednesday. The stock has a market capitalization of $157.32 million, a PE ratio of 14.16 and a beta of 0.76. Kingstone Companies has a 52 week low of $8.83 and a 52 week high of $16.50. The stock’s 50 day moving average is $15.33 and its 200-day moving average is $15.26.
Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Thursday, August 10th. The insurance provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.10). Kingstone Companies had a net margin of 11.52% and a return on equity of 12.81%. The firm had revenue of $16.95 million for the quarter, compared to analyst estimates of $17.30 million. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities research analysts forecast that Kingstone Companies will post $1.10 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.15%. Kingstone Companies’s dividend payout ratio is currently 29.91%.
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About Kingstone Companies
Kingstone Companies, Inc offers property and casualty insurance products to small businesses and individuals in New York State. The Company offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance company. The Company operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers.
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