Thomas Newgarden Acquires 15,301 Shares of Kingstone Companies (NASDAQ:KINS) Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden bought 15,301 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $14.52 per share, for a total transaction of $222,170.52. Following the completion of the transaction, the director directly owned 70,165 shares in the company, valued at approximately $1,018,795.80. This represents a 27.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Thomas Newgarden also recently made the following trade(s):

• On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The shares were bought at an average price of $14.36 per share, for a total transaction of $218,286.36.

Kingstone Companies Price Performance

Shares of NASDAQ KINS traded down $0.52 during trading on Wednesday, hitting $14.16. 113,150 shares of the company were exchanged, compared to its average volume of 133,579. The company has a market cap of $205.04 million, a price-to-earnings ratio of 6.59 and a beta of 0.52. Kingstone Companies, Inc has a 1 year low of $13.08 and a 1 year high of $19.42. The firm’s fifty day moving average price is $15.77 and its 200 day moving average price is $15.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.37.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, May 7th. The insurance provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Kingstone Companies had a return on equity of 28.63% and a net margin of 13.86%.The company had revenue of $59.78 million for the quarter, compared to analysts’ expectations of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, sell-side analysts expect that Kingstone Companies, Inc will post 2.3 earnings per share for the current fiscal year.

Kingstone Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 11th will be given a $0.05 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. Kingstone Companies’s payout ratio is currently 9.30%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Kingstone Companies by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,850 shares of the insurance provider’s stock valued at $4,077,000 after purchasing an additional 23,256 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in Kingstone Companies in the 1st quarter valued at about $2,941,000. Empowered Funds LLC raised its stake in Kingstone Companies by 11.5% in the 4th quarter. Empowered Funds LLC now owns 34,091 shares of the insurance provider’s stock valued at $574,000 after purchasing an additional 3,506 shares during the last quarter. Man Group plc raised its stake in Kingstone Companies by 6.8% in the 4th quarter. Man Group plc now owns 14,394 shares of the insurance provider’s stock valued at $242,000 after purchasing an additional 922 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Kingstone Companies by 80.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 55,191 shares of the insurance provider’s stock valued at $929,000 after purchasing an additional 24,606 shares during the last quarter. Institutional investors and hedge funds own 14.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KINS shares. Zacks Research upgraded shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Wall Street Zen upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings lowered shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Kingstone Companies presently has a consensus rating of “Hold”.

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.