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Research analysts at Compass Point boosted their price objective on shares of Kingstone Companies (NASDAQ:KINS) from $7.50 to $8.50 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Compass Point’s price objective points to a potential upside of 18.05% from the stock’s previous close.

Shares of Kingstone Companies (NASDAQ:KINS) remained flat at $7.2001 during during mid-day trading trading on Thursday. The stock had a trading volume of 225 shares. Kingstone Companies has a 1-year low of $4.59 and a 1-year high of $7.896. The stock has a 50-day moving average of $6.8 and a 200-day moving average of $6.77. The company has a market cap of $52.4 million and a price-to-earnings ratio of 16.67.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01. Analysts expect that Kingstone Companies will post $0.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a boost from Kingstone Companies’s previous quarterly dividend of $0.04.

Kingstone Companies, Inc (NASDAQ:KINS) is engaged in offering property and casualty insurance products to small businesses and individuals in New York State through its wholly owned subsidiary, Kingstone Insurance Company (KICO).

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