Insider Buying: Floyd R. Tupper Purchases 2,750 Shares of Kingstone Companies Stock (KINS)
Kingstone Companies (NASDAQ:KINS) Director Floyd R. Tupper acquired 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were purchased at an average cost of $7.36 per share, with a total value of $20,240.00. Following the completion of the acquisition, the director now directly owns 23,768 shares in the company, valued at approximately $174,932. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Kingstone Companies (NASDAQ:KINS) traded down 0.54% on Wednesday, hitting $7.35. 27,255 shares of the company’s stock traded hands. 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 $6.98 and a 200-day moving average of $6.77. The company has a market cap of $53.6 million and a P/E ratio of 12.40.
Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the 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. 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 2.71%. 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.
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, 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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