Bleakley Financial Group LLC Makes New Investment in Kingstone Companies, Inc $KINS

Bleakley Financial Group LLC acquired a new stake in shares of Kingstone Companies, Inc (NASDAQ:KINS) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 201,855 shares of the insurance provider’s stock, valued at approximately $2,941,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in Kingstone Companies by 484.9% during the first quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock worth $4,759,000 after purchasing an additional 236,968 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Kingstone Companies by 9.2% in the first quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider’s stock worth $287,000 after buying an additional 1,448 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kingstone Companies by 62.2% in the first quarter. Goldman Sachs Group Inc. now owns 65,392 shares of the insurance provider’s stock worth $1,089,000 after buying an additional 25,074 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Kingstone Companies during the 1st quarter worth $495,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Kingstone Companies by 130.9% during the 2nd quarter. Geode Capital Management LLC now owns 253,624 shares of the insurance provider’s stock worth $3,909,000 after buying an additional 143,806 shares during the period. 14.91% of the stock is currently owned by institutional investors and hedge funds.

Kingstone Companies Stock Down 2.1%

Shares of KINS opened at $19.51 on Thursday. 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 company has a 50-day moving average price of $16.83 and a two-hundred day moving average price of $16.28. The stock has a market cap of $282.60 million, a price-to-earnings ratio of 9.07 and a beta of 0.43. Kingstone Companies, Inc has a 12 month low of $13.08 and a 12 month high of $20.79.

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 analysts’ consensus estimates of ($0.26) by ($0.09). Kingstone Companies had a return on equity of 28.63% and a net margin of 13.86%.The firm 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. Equities analysts predict that Kingstone Companies, Inc will post 2.6 EPS for the current fiscal year.

Kingstone Companies Announces Dividend

The company also recently announced 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 was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. Kingstone Companies’s payout ratio is presently 9.30%.

Kingstone Companies announced that its board has authorized a stock buyback program on Tuesday, May 19th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Thomas Newgarden acquired 15,301 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $14.52 per share, with a total value of $222,170.52. Following the acquisition, the director owned 70,165 shares of the company’s stock, valued at $1,018,795.80. This trade represents a 27.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 44,502 shares of company stock worth $653,377 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

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.