Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal line of insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies. It also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies, as well as reinsurance products. It sells its products through retail and wholesale agents and brokers. The company was formerly known as DCAP Group, Inc. and changed its name to Kingstone Companies, Inc. in July 2009. Kingstone Companies, Inc. was founded in 1886 and is headquartered in Kingston, New York.
Wall Street Analyst Weigh In
Separately, Piper Sandler dropped their price target on Kingstone Companies from $7.00 to $5.40 and set a "na" rating on the stock in a research report on Monday, May 16th.
Kingstone Companies Stock Down 0.5 %
Shares of KINS traded down $0.02 during midday trading on Friday, reaching $4.06. 55,304 shares of the stock were exchanged, compared to its average volume of 18,678. Kingstone Companies has a 52 week low of $3.34 and a 52 week high of $7.31. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.51. The company's 50 day moving average is $3.90 and its two-hundred day moving average is $4.60. The company has a market capitalization of $43.20 million, a P/E ratio of -1.86 and a beta of 0.76.
Kingstone Companies (NASDAQ:KINS - Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The insurance provider reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.48). Kingstone Companies had a negative net margin of 16.45% and a negative return on equity of 27.58%. The company had revenue of $28.55 million for the quarter, compared to the consensus estimate of $35.50 million. On average, sell-side analysts anticipate that Kingstone Companies will post -0.5 earnings per share for the current year.
Kingstone Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, August 30th. Kingstone Companies's payout ratio is currently -7.34%.