Insider Buying: Kingstone Companies (NASDAQ:KINS) Director Acquires 6,000 Shares of Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden bought 6,000 shares of the stock in a transaction on Thursday, May 28th. The shares were acquired at an average cost of $15.50 per share, for a total transaction of $93,000.00. Following the purchase, the director owned 91,366 shares in the company, valued at $1,416,173. The trade was a 7.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, May 29th, Thomas Newgarden bought 8,000 shares of Kingstone Companies stock. The shares were acquired at an average cost of $14.99 per share, for a total transaction of $119,920.00.
• On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The shares were acquired at an average cost 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 cost of $14.52 per share, for a total transaction of $222,170.52.

Kingstone Companies Stock Performance

Shares of KINS opened at $14.87 on Monday. Kingstone Companies, Inc has a 52-week low of $13.08 and a 52-week high of $19.42. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $15.70 and its two-hundred day moving average is $15.78. The stock has a market cap of $215.32 million, a PE ratio of 6.92 and a beta of 0.46.

Kingstone Companies (NASDAQ:KINS) last announced 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 forecast that Kingstone Companies, Inc will post 2.6 earnings per share for the current fiscal year.

Kingstone Companies Dividend Announcement

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

Kingstone Companies declared that its Board of Directors has authorized a stock repurchase plan 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 plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Kingstone Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cincinnati Insurance Co. purchased a new position in Kingstone Companies in the third quarter worth approximately $1,237,000. Daytona Street Capital LLC purchased a new position in Kingstone Companies in the fourth quarter worth approximately $934,000. Royce & Associates LP purchased a new position in Kingstone Companies in the fourth quarter worth approximately $7,551,000. Evernest Financial Advisors LLC lifted its stake in Kingstone Companies by 35.3% in the third quarter. Evernest Financial Advisors LLC now owns 211,690 shares of the insurance provider’s stock worth $3,112,000 after acquiring an additional 55,190 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Kingstone Companies in the third quarter worth approximately $608,000. 14.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on KINS shares. Wall Street Zen cut shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research raised shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings cut shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Kingstone Companies currently has a consensus 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.