Thomas Newgarden Acquires 8,000 Shares of Kingstone Companies (NASDAQ:KINS) Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden bought 8,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $14.99 per share, for a total transaction of $119,920.00. Following the transaction, the director directly owned 99,366 shares in the company, valued at $1,489,496.34. This trade represents a 8.76% increase in their position. The transaction 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 Thursday, May 28th, Thomas Newgarden bought 6,000 shares of Kingstone Companies stock. The shares were acquired at an average price of $15.50 per share, for a total transaction of $93,000.00.
• On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The shares were acquired at an average price of $14.36 per share, for a total transaction of $218,286.36.
• 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, for a total transaction of $222,170.52.

Kingstone Companies Stock Performance

NASDAQ KINS opened at $15.04 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $15.71 and its two-hundred day moving average is $15.78. Kingstone Companies, Inc has a 12-month low of $13.08 and a 12-month high of $19.42. The stock has a market capitalization of $217.78 million, a price-to-earnings ratio of 7.00 and a beta of 0.46.

Kingstone Companies (NASDAQ:KINS) last released its earnings results 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 business 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. Research analysts expect that Kingstone Companies, Inc will post 2.6 EPS for the current year.

Kingstone Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a dividend of $0.05 per share. The ex-dividend date was Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 1.3%. Kingstone Companies’s payout ratio is presently 9.30%.

Kingstone Companies announced that its Board of Directors has approved a stock buyback program on Tuesday, May 19th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Kingstone Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its stake in Kingstone Companies by 8.0% in the 4th quarter. Deutsche Bank AG now owns 10,738 shares of the insurance provider’s stock valued at $181,000 after buying an additional 797 shares in the last quarter. Strs Ohio lifted its stake in Kingstone Companies by 2.5% in the 3rd quarter. Strs Ohio now owns 33,400 shares of the insurance provider’s stock valued at $491,000 after buying an additional 800 shares in the last quarter. First Trust Advisors LP lifted its stake in Kingstone Companies by 2.5% in the 4th quarter. First Trust Advisors LP now owns 37,121 shares of the insurance provider’s stock valued at $625,000 after buying an additional 915 shares in the last quarter. Man Group plc lifted 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 buying an additional 922 shares in the last quarter. Finally, State Street Corp lifted its stake in Kingstone Companies by 0.6% in the 4th quarter. State Street Corp now owns 160,604 shares of the insurance provider’s stock valued at $2,703,000 after buying an additional 932 shares in the last quarter. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Analyst Ratings Changes

KINS has been the topic of several research analyst reports. Wall Street Zen lowered Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Zacks Research raised Kingstone Companies to a “hold” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Kingstone Companies has an average rating of “Hold”.

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.