Media stories about Kingstone Companies (NASDAQ:KINS) have been trending somewhat positive recently, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kingstone Companies earned a news impact score of 0.12 on Alpha One’s scale. Alpha One also assigned news headlines about the insurance provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Alpha One’s rankings:
- KINGSTONE COMPANIES, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Kingstone (KINS) Announces the Addition of Carla D’Andre to its Board of Directors (streetinsider.com)
- Kingstone Announces the Addition of Carla D’Andre to its Board of Directors (finance.yahoo.com)
- Boenning Scattergood Analysts Cut Earnings Estimates for Kingstone Companies Inc (KINS) (americanbankingnews.com)
- Kingstone Companies’ (KINS) CEO Barry Goldstein on Q1 2017 Results – Earnings Call Transcript (seekingalpha.com)
Separately, Boenning Scattergood initiated coverage on shares of Kingstone Companies in a research note on Tuesday, April 11th. They issued an “outperform” rating and a $17.00 price target on the stock.
Shares of Kingstone Companies (NASDAQ:KINS) traded down 1.00% on Friday, reaching $14.80. 38,748 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $15.08 and its 200-day moving average price is $13.61. The stock has a market cap of $157.19 million, a P/E ratio of 12.98 and a beta of 0.05. Kingstone Companies has a 52-week low of $8.34 and a 52-week high of $16.10.
Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Thursday, May 11th. The insurance provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $16.37 million for the quarter, compared to analyst estimates of $16.80 million. Kingstone Companies had a return on equity of 16.36% and a net margin of 11.66%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. Equities analysts forecast that Kingstone Companies will post $1.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.08 per share. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.32 annualized dividend and a dividend yield of 2.14%. Kingstone Companies’s dividend payout ratio (DPR) is presently 22.52%.
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About Kingstone Companies
Kingstone Companies, Inc offers property and casualty insurance products to small businesses and individuals in New York State. The Company offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance company. The Company operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers.
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