Kingstone Companies (NASDAQ:KINS) Announces Earnings Results

by · The Markets Daily

Kingstone Companies (NASDAQ:KINS – Get Free Report) announced its earnings results on Thursday. The insurance provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09, FiscalAI reports. Kingstone Companies had a net margin of 14.85% and a return on equity of 31.73%. The business had revenue of $65.85 million during the quarter, compared to the consensus estimate of $71.70 million. Kingstone Companies updated its FY 2026 guidance to 2.200-2.900 EPS.

Kingstone Companies Stock Down 8.5%

Kingstone Companies stock traded down $1.77 during trading hours on Friday, hitting $19.03. The stock had a trading volume of 180,972 shares, compared to its average volume of 103,790. The stock’s 50-day moving average price is $18.41 and its 200-day moving average price is $16.67. The stock has a market capitalization of $275.55 million, a P/E ratio of 7.86 and a beta of 0.43. Kingstone Companies has a 12-month low of $13.08 and a 12-month high of $20.90. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.04.

Kingstone Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. This is an increase from Kingstone Companies’s previous quarterly dividend of $0.05. Kingstone Companies’s dividend payout ratio (DPR) is 9.30%.

Analysts Set New Price Targets

KINS has been the topic of several recent research reports. Wall Street Zen upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings cut Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Kingstone Companies

Insider Activity at Kingstone Companies

In other news, Director Thomas Newgarden purchased 8,000 shares of Kingstone Companies stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $14.99 per share, with a total value of $119,920.00. Following the completion of the transaction, the director directly owned 99,366 shares of the company’s stock, valued at approximately $1,489,496.34. The trade was a 8.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 44,502 shares of company stock worth $653,377 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Kingstone Companies

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Kingstone Companies by 80.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 1,017 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Kingstone Companies during the fourth quarter valued at $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Kingstone Companies during the second quarter valued at $93,000. MetLife Investment Management LLC increased its holdings in Kingstone Companies by 99.6% in the 4th quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock worth $110,000 after buying an additional 3,257 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in Kingstone Companies in the 2nd quarter worth about $163,000. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

Kingstone Companies declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 19th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Kingstone Companies Company Profile

(Get Free Report)

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.

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