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

Key Points

• Kingstone Companies (NASDAQ:KINS) shares fell below their 200-day moving average of $15.55, trading as low as $14.45, with the last recorded price at $14.98.
• The company reported an EPS of $0.75 for the previous quarter, exceeding analysts' estimates of $0.55, and had a revenue of $59.80 million, above the $45.20 million consensus.
• Kingstone Companies declared a quarterly dividend of $0.05, representing an annualized yield of 1.3%, with a payout ratio of 10.00%.

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.55 and traded as low as $14.45. Kingstone Companies shares last traded at $14.98, with a volume of 128,164 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Kingstone Companies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

Kingstone Companies Trading Up 3.0%

The firm has a market cap of $211.82 million, a P/E ratio of 7.49 and a beta of 0.49. The business's 50-day moving average is $14.23 and its two-hundred day moving average is $15.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.46 and a quick ratio of 0.46.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its 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 business had revenue of $59.80 million during the quarter, compared to the consensus estimate 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 predict that Kingstone Companies, Inc will post 1.4 earnings per share for the current fiscal year.

Kingstone Companies Announces Dividend

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

Institutional Trading of Kingstone Companies

Large investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in Kingstone Companies in the second quarter valued at $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Kingstone Companies in the second quarter valued at $93,000. Steward Partners Investment Advisory LLC acquired a new stake in Kingstone Companies in the second quarter valued at $118,000. Cetera Investment Advisers acquired a new stake in Kingstone Companies in the second quarter valued at $163,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in Kingstone Companies in the second quarter valued at $186,000. Institutional investors and hedge funds 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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