Kingstone Companies (NASDAQ:KINS) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Kingstone Companies (NASDAQ:KINS) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other research analysts have also commented on the company. Zacks Research raised Kingstone Companies to a “hold” rating in a report on Friday, February 6th. Weiss Ratings lowered Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kingstone Companies currently has a consensus rating of “Hold”.

Kingstone Companies Price Performance

Shares of NASDAQ KINS opened at $14.76 on Friday. Kingstone Companies has a twelve month low of $13.08 and a twelve month high of $19.42. The company has a current ratio of 0.35, a quick ratio of 0.37 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $213.72 million, a price-to-earnings ratio of 6.87 and a beta of 0.52. The business has a 50 day simple moving average of $15.65 and a 200-day simple moving average of $15.71.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.09). The company had revenue of $59.78 million for 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. As a group, equities research analysts expect that Kingstone Companies will post 2.3 earnings per share for the current year.

Kingstone Companies Announces Dividend

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

Insider Buying and Selling at Kingstone Companies

In related news, Director Thomas Newgarden bought 15,201 shares of Kingstone Companies stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $14.36 per share, with a total value of $218,286.36. Following the completion of the acquisition, the director directly owned 85,366 shares in the company, valued at approximately $1,225,855.76. This trade represents a 21.66% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William L. Yankus sold 13,500 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $18.00, for a total value of $243,000.00. Following the completion of the sale, the director directly owned 84,972 shares of the company’s stock, valued at approximately $1,529,496. This represents a 13.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in shares of Kingstone Companies by 80.1% during 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. State of Alaska Department of Revenue purchased a new stake in shares of Kingstone Companies during the 4th quarter worth about $45,000. Kestra Advisory Services LLC purchased a new stake in shares of Kingstone Companies during the 4th quarter worth about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Kingstone Companies during the 2nd quarter worth about $93,000. Finally, MetLife Investment Management LLC raised its stake in shares of Kingstone Companies by 99.6% during the 4th quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock worth $110,000 after purchasing an additional 3,257 shares in the last quarter. 14.91% of the stock is owned by hedge funds and other institutional investors.

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.