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

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report) declared a -- dividend on Wednesday, July 23rd, Wall Street Journal reports. Shareholders 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 of this dividend is Monday, August 11th.

Kingstone Companies Stock Up 0.8%

Shares of KINS traded up $0.13 during mid-day trading on Friday, hitting $15.90. 59,880 shares of the company traded hands, compared to its average volume of 314,063. Kingstone Companies has a 1-year low of $6.26 and a 1-year high of $22.40. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $222.69 million, a PE ratio of 10.00 and a beta of 0.57. The business has a 50 day moving average of $15.50 and a 200 day moving average of $16.16.

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

Insider Activity

In related news, Director Thomas Newgarden bought 12,500 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $16.77 per share, with a total value of $209,625.00. Following the purchase, the director directly owned 51,715 shares of the company's stock, valued at $867,260.55. The trade was a 31.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kingstone Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its position in shares of Kingstone Companies by 484.9% during the 1st quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider's stock worth $4,759,000 after acquiring an additional 236,968 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Kingstone Companies in the first quarter valued at approximately $495,000. Goldman Sachs Group Inc. boosted its stake in shares of Kingstone Companies by 62.2% in the first quarter. Goldman Sachs Group Inc. now owns 65,392 shares of the insurance provider's stock valued at $1,089,000 after buying an additional 25,074 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in 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 in the last quarter. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Kingstone Companies from a "buy" rating to a "hold" rating in a research 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.