Kingstone Companies (NASDAQ:KINS) Director Thomas Newgarden Purchases 15,201 Shares

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden acquired 15,201 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $14.36 per share, for a total transaction of $218,286.36. Following the completion of the purchase, the director owned 85,366 shares in the company, valued at $1,225,855.76. The trade was a 21.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, May 12th, Thomas Newgarden bought 15,301 shares of Kingstone Companies stock. The shares were acquired at an average price of $14.52 per share, with a total value of $222,170.52.

Kingstone Companies Stock Down 3.5%

Shares of NASDAQ KINS opened at $14.16 on Thursday. The firm’s 50-day moving average is $15.72 and its two-hundred day moving average is $15.72. The company has a market capitalization of $205.04 million, a PE ratio of 6.59 and a beta of 0.52. Kingstone Companies, Inc has a 12-month low of $13.08 and a 12-month high of $19.42. 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 quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share (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 analyst estimates of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Equities analysts anticipate that Kingstone Companies, Inc will post 2.3 EPS for the current fiscal year.

Kingstone Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, May 11th. Kingstone Companies’s payout ratio is 9.30%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Kingstone Companies

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in shares of Kingstone Companies by 80.1% in the third quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 1,017 shares during the period. State of Alaska Department of Revenue acquired a new stake in Kingstone Companies in the 4th quarter worth about $45,000. Kestra Advisory Services LLC acquired a new stake in Kingstone Companies in the 4th quarter worth about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Kingstone Companies in the 2nd quarter worth about $93,000. Finally, MetLife Investment Management LLC grew 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 valued at $110,000 after buying an additional 3,257 shares during the period. Institutional investors and hedge funds own 14.91% of the company’s stock.

Kingstone Companies Company Profile

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.