PDT Partners LLC Purchases New Position in Kingstone Companies, Inc $KINS

PDT Partners LLC acquired a new stake in shares of Kingstone Companies, Inc (NASDAQ:KINS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,870 shares of the insurance provider’s stock, valued at approximately $778,000. PDT Partners LLC owned 0.28% of Kingstone Companies as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in Kingstone Companies by 80.1% in the third 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 period. Kestra Advisory Services LLC acquired a new position in shares of Kingstone Companies in the 4th quarter valued at $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Kingstone Companies in the 2nd quarter valued at $93,000. MetLife Investment Management LLC increased its position in shares of Kingstone Companies by 99.6% in the 4th quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock valued at $110,000 after buying an additional 3,257 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Kingstone Companies during the 2nd quarter worth $163,000. Institutional investors own 14.91% of the company’s stock.

Kingstone Companies Stock Down 0.3%

Shares of KINS stock opened at $20.09 on Friday. The firm has a fifty day moving average of $19.55 and a 200-day moving average of $17.08. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.03. Kingstone Companies, Inc has a 12-month low of $13.08 and a 12-month high of $20.90. The company has a market capitalization of $290.90 million, a price-to-earnings ratio of 8.30 and a beta of 0.43.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09. The business had revenue of $65.85 million for the quarter, compared to analyst estimates of $71.70 million. Kingstone Companies had a net margin of 14.85% and a return on equity of 30.78%. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. As a group, equities research analysts predict that Kingstone Companies, Inc will post 2.65 earnings per share for the current fiscal year.

Kingstone Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.05. Kingstone Companies’s dividend payout ratio (DPR) is 9.92%.

Kingstone Companies declared that its board has authorized a stock repurchase program on Tuesday, May 19th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen upgraded Kingstone Companies from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Weiss Ratings raised Kingstone Companies from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.