Kingstone Companies Director Acquires $7,100 in Stock (KINS)
Kingstone Companies (NASDAQ:KINS) Director Floyd R. Tupper acquired 1,000 shares of Kingstone Companies stock in a transaction dated Monday, August 25th. The shares were purchased at an average price of $7.10 per share, for a total transaction of $7,100.00. Following the transaction, the director now directly owns 19,644 shares in the company, valued at approximately $139,472. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Compass Point raised their price target on shares of Kingstone Companies from $7.50 to $8.50 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock.
Kingstone Companies (NASDAQ:KINS) opened at 7.20 on Thursday. Kingstone Companies has a 1-year low of $4.59 and a 1-year high of $7.896. The stock’s 50-day moving average is $6.95 and its 200-day moving average is $6.77. The company has a market cap of $52.5 million and a P/E ratio of 12.00.
Kingstone Companies (NASDAQ:KINS) last released its earnings data 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 $0.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders 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 positive change 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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