Kingstone Companies, Inc Plans Quarterly Dividend of $0.05 (NASDAQ:KINS)

Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Wednesday, February 11th will be paid a dividend of 0.05 per share by the insurance provider on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, February 11th.

Kingstone Companies has decreased its dividend by an average of 1.0%annually over the last three years. Kingstone Companies has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kingstone Companies to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.9%.

Kingstone Companies Trading Up 1.4%

Kingstone Companies stock traded up $0.22 during trading hours on Friday, reaching $15.45. 99,223 shares of the stock were exchanged, compared to its average volume of 155,221. The company has a market cap of $218.62 million, a P/E ratio of 7.05 and a beta of 0.42. Kingstone Companies has a twelve month low of $13.08 and a twelve month high of $22.40. The stock has a 50 day moving average of $16.00 and a two-hundred day moving average of $15.10.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, November 6th. The insurance provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The company had revenue of $55.65 million during the quarter, compared to analysts’ expectations of $53.20 million. Kingstone Companies had a net margin of 15.68% and a return on equity of 33.69%. On average, analysts expect that Kingstone Companies will post 1.4 earnings per share for the current fiscal year.

Kingstone Companies Company Profile

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.