Kingstone Companies, Inc (KINS) To Go Ex-Dividend on November 10th

Kingstone Companies, Inc (NASDAQ:KINS) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Wednesday, November 11th will be paid a dividend of $0.06 per share by the insurance provider on Wednesday, November 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 10th.

Kingstone Companies has decreased its dividend by an average of 0.1% per year over the last three years. Kingstone Companies has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kingstone Companies to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.3%.

Kingstone Companies Stock Up 7.9%

NASDAQ KINS opened at $20.46 on Friday. The business has a fifty day moving average price of $19.24 and a 200 day moving average price of $17.54. Kingstone Companies has a one year low of $13.83 and a one year high of $21.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $296.26 million, a P/E ratio of 7.13 and a beta of 0.49.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Thursday, November 5th. The insurance provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.30. Kingstone Companies had a net margin of 16.83% and a return on equity of 35.83%. The company had revenue of $67.54 million for the quarter, compared to analysts’ expectations of $89.10 million. Research analysts anticipate that Kingstone Companies will post 2.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC purchased a new position in shares of Kingstone Companies during the 2nd quarter worth $1,074,000. Bank of New York Mellon Corp purchased a new position in Kingstone Companies during the second quarter worth about $1,153,000. BlackRock Inc. acquired a new stake in shares of Kingstone Companies during the second quarter valued at about $15,800,000. Globeflex Capital L P acquired a new stake in shares of Kingstone Companies during the second quarter valued at about $1,106,000. Finally, De Lisle Partners LLP purchased a new stake in shares of Kingstone Companies in the 2nd quarter valued at approximately $5,799,000. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

About Kingstone Companies

Kingstone Companies, Inc is an insurance holding company that operates primarily through its subsidiary, Kingstone Insurance Company. The company focuses on property and casualty insurance for individuals and families, with an emphasis on personal lines coverage.

Its products have included homeowners, condominium, cooperative, renters, dwelling fire and personal umbrella insurance. These policies are designed to protect residential properties and personal assets against risks such as property damage, liability claims and other covered losses.

Kingstone serves customers through independent insurance agents and has historically concentrated its business in the Northeastern United States, particularly New York and other selected states in the region.