Kingstone Companies (NASDAQ:KINS) Stock Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Kingstone Companies' stock (NASDAQ:KINS) fell below its 200-day moving average of $15.63, hitting a low of $14.23 during trading.
• The company reported improved quarterly earnings, with $0.75 earnings per share, exceeding analysts' expectations of $0.55, and a revenue of $59.80 million.
• Kingstone Companies also announced a quarterly dividend of $0.05, representing an annualized yield of 1.4%, with a payout ratio of 10.00%.

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.63 and traded as low as $14.23. Kingstone Companies shares last traded at $14.30, with a volume of 165,827 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Kingstone Companies in a report on Saturday, September 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Kingstone Companies Trading Down 5.0%

The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.05. The business's fifty day moving average is $14.39 and its 200-day moving average is $15.63. The stock has a market capitalization of $202.20 million, a PE ratio of 7.15 and a beta of 0.49.

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

Kingstone Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, August 11th. Kingstone Companies's dividend payout ratio (DPR) is 10.00%.

Institutional Trading of Kingstone Companies

A number of institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC lifted its position in Kingstone Companies by 25.0% during the 2nd quarter. Corient Private Wealth LLC now owns 25,000 shares of the insurance provider's stock worth $385,000 after acquiring an additional 5,000 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Kingstone Companies by 37.8% in the second quarter. Osaic Holdings Inc. now owns 40,619 shares of the insurance provider's stock valued at $626,000 after purchasing an additional 11,144 shares during the last quarter. Squarepoint Ops LLC grew its stake in Kingstone Companies by 201.9% during the 2nd quarter. Squarepoint Ops LLC now owns 101,757 shares of the insurance provider's stock valued at $1,568,000 after purchasing an additional 68,055 shares in the last quarter. State of Wyoming raised its position in shares of Kingstone Companies by 29.0% in the 2nd quarter. State of Wyoming now owns 27,065 shares of the insurance provider's stock valued at $417,000 after purchasing an additional 6,082 shares in the last quarter. Finally, MML Investors Services LLC raised its position in shares of Kingstone Companies by 2.5% in the 2nd quarter. MML Investors Services LLC now owns 90,837 shares of the insurance provider's stock valued at $1,400,000 after purchasing an additional 2,249 shares in the last quarter. Hedge funds and other institutional investors own 14.91% of the company's stock.

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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