Kingstone Companies Director Acquires $9,893 in Stock (KINS)
Kingstone Companies (NASDAQ:KINS) Director Floyd R. Tupper purchased 1,374 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The stock was purchased at an average cost of $7.20 per share, for a total transaction of $9,892.80. Following the transaction, the director now directly owns 21,018 shares in the company, valued at approximately $151,330. The transaction was disclosed in a filing 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.
Shares of Kingstone Companies (NASDAQ:KINS) opened at 7.35 on Thursday. Kingstone Companies has a 52-week low of $4.59 and a 52-week high of $7.896. The stock has a 50-day moving average of $6.99 and a 200-day moving average of $6.78. The company has a market cap of $53.6 million and a price-to-earnings ratio of 12.40.
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. 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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