Kingstone Companies, Inc (NASDAQ:KINS) Announces -- Dividend of $0.05

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report) declared a -- dividend on Monday, July 21st, Wall Street Journal reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.05 per share by the insurance provider on Tuesday, August 26th. The ex-dividend date is Monday, August 11th.

Kingstone Companies Trading Up 0.2%

Shares of Kingstone Companies stock traded up $0.03 during trading hours on Friday, hitting $15.80. The company's stock had a trading volume of 130,655 shares, compared to its average volume of 220,952. Kingstone Companies has a twelve month low of $6.26 and a twelve month high of $22.40. The firm has a fifty day moving average of $15.47 and a 200-day moving average of $16.18. The stock has a market cap of $221.36 million, a price-to-earnings ratio of 9.94 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.47 and a current ratio of 0.47.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter. Kingstone Companies had a return on equity of 31.92% and a net margin of 12.25%. Research analysts forecast that Kingstone Companies will post 1.4 EPS for the current year.

Insiders Place Their Bets

In other Kingstone Companies news, Director Thomas Newgarden acquired 12,500 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $16.77 per share, for a total transaction of $209,625.00. Following the acquisition, the director owned 51,715 shares in the company, valued at $867,260.55. The trade was a 31.88% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in shares of Kingstone Companies in the 1st quarter valued at about $495,000. Goldman Sachs Group Inc. boosted its position in shares of Kingstone Companies by 62.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 65,392 shares of the insurance provider's stock valued at $1,089,000 after purchasing an additional 25,074 shares during the period. NewEdge Advisors LLC boosted its position in shares of Kingstone Companies by 9.2% in the 1st quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider's stock valued at $287,000 after purchasing an additional 1,448 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Kingstone Companies by 484.9% in the 1st quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider's stock valued at $4,759,000 after purchasing an additional 236,968 shares during the period. Hedge funds and other institutional investors own 14.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Kingstone Companies from a "buy" rating to a "hold" rating in a report on Saturday, May 17th.

About Kingstone Companies

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.