Share on StockTwits

Kingstone Companies (NASDAQ:KINS) CEO Barry Goldstein bought 1,000 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The stock was purchased at an average price of $7.37 per share, for a total transaction of $7,370.00. Following the completion of the transaction, the chief executive officer now directly owns 788,000 shares in the company, valued at approximately $5,807,560. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kingstone Companies (NASDAQ:KINS) traded down 0.54% during mid-day trading on Wednesday, hitting $7.35. The stock had a trading volume of 27,255 shares. Kingstone Companies has a one year low of $4.59 and a one year high of $7.896. The stock’s 50-day moving average is $6.98 and its 200-day moving average is $6.77. The company has a market cap of $53.6 million and a price-to-earnings ratio of 12.40.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Tuesday, August 12th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.01. On average, analysts predict that Kingstone Companies will post $0.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Wednesday, August 27th. This is a positive change 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).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.