Kingstone Companies (NASDAQ:KINS) Director Purchases $218,286.36 in Stock

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 purchased at an average price of $14.36 per share, for a total transaction of $218,286.36. Following the completion of the purchase, the director directly owned 85,366 shares in the company, valued at $1,225,855.76. This trade represents a 21.66% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, May 12th, Thomas Newgarden acquired 15,301 shares of Kingstone Companies stock. The stock was purchased at an average price of $14.52 per share, for a total transaction of $222,170.52.

Kingstone Companies Trading Down 0.7%

Shares of Kingstone Companies stock opened at $14.76 on Friday. Kingstone Companies, Inc has a 52-week low of $13.08 and a 52-week high of $19.42. The stock’s 50-day simple moving average is $15.65 and its 200 day simple moving average is $15.71. The stock has a market capitalization of $213.72 million, a P/E ratio of 6.87 and a beta of 0.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.37 and a current ratio of 0.35.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.09). Kingstone Companies had a net margin of 13.86% and a return on equity of 28.63%. The firm 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. As a group, research analysts anticipate that Kingstone Companies, Inc will post 2.3 EPS for the current year.

Kingstone Companies Dividend Announcement

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

Institutional Investors Weigh In On Kingstone Companies

Several hedge funds and other institutional investors have recently modified their holdings of KINS. Royce & Associates LP bought a new stake in shares of Kingstone Companies during the fourth quarter valued at about $7,551,000. Millennium Management LLC increased its position in shares of Kingstone Companies by 484.9% during the first quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock valued at $4,759,000 after buying an additional 236,968 shares during the period. Bleakley Financial Group LLC bought a new stake in shares of Kingstone Companies during the first quarter valued at about $2,941,000. Geode Capital Management LLC increased its position in shares of Kingstone Companies by 130.9% during the second quarter. Geode Capital Management LLC now owns 253,624 shares of the insurance provider’s stock valued at $3,909,000 after buying an additional 143,806 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Kingstone Companies by 125,492.8% during the second quarter. Bank of America Corp DE now owns 104,242 shares of the insurance provider’s stock valued at $1,606,000 after buying an additional 104,159 shares during the period. 14.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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