Sheets Smith Wealth Management Invests $352,000 in Kingstone Companies, Inc $KINS

Key Points

• Sheets Smith Wealth Management has invested approximately $352,000 in Kingstone Companies, Inc, acquiring 22,813 shares during the second quarter.
• Kingstone Companies reported a quarterly EPS of $0.75, exceeding analyst expectations by $0.20, with revenue of $59.80 million.
• The company recently paid a quarterly dividend of $0.05 per share, representing an annualized yield of 1.3% and a payout ratio of 10%.

Sheets Smith Wealth Management purchased a new position in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 22,813 shares of the insurance provider's stock, valued at approximately $352,000. Sheets Smith Wealth Management owned approximately 0.16% of Kingstone Companies as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KINS. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Kingstone Companies in the 1st quarter worth approximately $39,000. Quantbot Technologies LP acquired a new position in Kingstone Companies in the first quarter worth $232,000. Janney Montgomery Scott LLC acquired a new position in Kingstone Companies in the first quarter worth $271,000. NewEdge Advisors LLC raised its holdings in shares of Kingstone Companies by 9.2% during the first quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider's stock worth $287,000 after purchasing an additional 1,448 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Kingstone Companies during the fourth quarter worth $331,000. Institutional investors own 14.91% of the company's stock.

Kingstone Companies Trading Up 1.6%

NASDAQ KINS opened at $14.85 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.46 and a current ratio of 0.46. Kingstone Companies, Inc has a one year low of $8.45 and a one year high of $22.40. The company has a 50-day simple moving average of $14.53 and a 200-day simple moving average of $15.64. The firm has a market capitalization of $209.98 million, a PE ratio of 7.43 and a beta of 0.49.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The insurance provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.20. Kingstone Companies had a net margin of 14.84% and a return on equity of 33.21%. The firm had revenue of $59.80 million for the quarter, compared to analyst estimates of $45.20 million. Kingstone Companies has set its FY 2025 guidance at 1.950-2.35 EPS. On average, equities analysts forecast that Kingstone Companies, Inc will post 1.4 earnings per share for the current year.

Kingstone Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 11th. This represents a $0.20 dividend on an annualized basis and a yield of 1.3%. Kingstone Companies's payout ratio is currently 10.00%.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.

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