Insider Buying: Floyd R. Tupper Buys 2,750 Shares of Kingstone Companies Stock (KINS)
Kingstone Companies (NASDAQ:KINS) Director Floyd R. Tupper bought 2,750 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The shares were purchased at an average price of $7.36 per share, with a total value of $20,240.00. Following the completion of the transaction, the director now directly owns 23,768 shares of the company’s stock, valued at approximately $174,932. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.
Shares of Kingstone Companies (NASDAQ:KINS) traded up 2.04% during mid-day trading on Thursday, hitting $7.50. 15,521 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’s 50-day moving average is $6.99 and its 200-day moving average is $6.78. The company has a market cap of $54.7 million and a price-to-earnings ratio of 12.33.
Kingstone Companies (NASDAQ:KINS) last issued its quarterly 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. On average, analysts predict that Kingstone Companies will post $0.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 2.72%. The ex-dividend date of this dividend is Wednesday, August 27th. This is an increase 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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