Kingstone Companies, Inc (NASDAQ:KINS) Raises Dividend to $0.06 Per Share

Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Tuesday, August 11th will be given a dividend of 0.06 per share by the insurance provider on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 11th. This is a 20.0% increase from Kingstone Companies’s previous quarterly dividend of $0.05.

Kingstone Companies has decreased its dividend by an average of 0.1%per year over the last three years. Kingstone Companies has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kingstone Companies to earn $3.00 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 6.7%.

Kingstone Companies Trading Down 1.8%

Shares of KINS stock opened at $18.88 on Friday. The company has a market capitalization of $273.38 million, a PE ratio of 8.78 and a beta of 0.43. Kingstone Companies has a 52-week low of $13.08 and a 52-week high of $20.79. The business’s fifty day moving average is $17.41 and its 200 day moving average is $16.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.35 and a current ratio of 0.35.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.09). The business had revenue of $59.78 million during the quarter, compared to the consensus estimate of $66.90 million. Kingstone Companies had a return on equity of 28.63% and a net margin of 13.86%.Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, equities research analysts anticipate that Kingstone Companies will post 2.6 EPS for the current fiscal year.

Kingstone Companies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 19th that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About Kingstone Companies

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.