58,218 Shares in Kingstone Companies, Inc $KINS Purchased by Globeflex Capital L P

Globeflex Capital L P acquired a new stake in Kingstone Companies, Inc (NASDAQ:KINS) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 58,218 shares of the insurance provider’s stock, valued at approximately $848,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in Kingstone Companies by 80.1% in 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 during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Kingstone Companies during the fourth quarter valued at approximately $45,000. Kestra Advisory Services LLC acquired a new position in shares of Kingstone Companies during the fourth quarter worth approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Kingstone Companies in the 2nd quarter worth approximately $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 worth $110,000 after buying an additional 3,257 shares in the last quarter. 14.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KINS shares. Weiss Ratings downgraded Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen cut Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Insider Activity at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden bought 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $14.99 per share, with a total value of $119,920.00. Following the completion of the purchase, the director directly owned 99,366 shares in the company, valued at approximately $1,489,496.34. This trade represents a 8.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 44,502 shares of company stock valued at $653,377. 4.30% of the stock is owned by insiders.

Kingstone Companies Trading Down 3.4%

Shares of KINS stock opened at $19.23 on Thursday. The stock has a 50-day simple moving average of $17.33 and a 200 day simple moving average of $16.38. The stock has a market capitalization of $278.45 million, a P/E ratio of 8.94 and a beta of 0.43. Kingstone Companies, Inc has a fifty-two week low of $13.08 and a fifty-two week high of $20.79. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.04.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly 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 business had revenue of $59.78 million during the quarter, compared to the consensus estimate 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 2.6 earnings per share for the current fiscal year.

Kingstone Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. Kingstone Companies’s payout ratio is currently 9.30%.

Kingstone Companies declared that its board has initiated a stock buyback plan on Tuesday, May 19th that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Kingstone Companies 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.