Kingstone Companies (NASDAQ:KINS) Posts Earnings Results, Beats Expectations By $0.09 EPS

Kingstone Companies (NASDAQ:KINS) announced its quarterly earnings results on Thursday. The insurance provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09, FiscalAI reports. The firm had revenue of $65.85 million during 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 31.73%. Kingstone Companies updated its FY 2026 guidance to 2.200-2.900 EPS.

Kingstone Companies Stock Performance

KINS traded down $1.77 during trading on Friday, hitting $19.03. The company’s stock had a trading volume of 180,972 shares, compared to its average volume of 103,790. The business’s 50 day simple moving average is $18.41 and its 200-day simple moving average is $16.67. The firm has a market cap of $275.55 million, a PE ratio of 7.86 and a beta of 0.43. Kingstone Companies has a one year low of $13.08 and a one year high of $20.90. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.06 per share. This is an increase from Kingstone Companies’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Kingstone Companies’s dividend payout ratio is currently 9.30%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen raised Kingstone Companies from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings downgraded Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kingstone Companies has an average rating of “Hold”.

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

Insider Activity

In related news, Director Thomas Newgarden acquired 8,000 shares of Kingstone Companies stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $14.99 per share, for a total transaction of $119,920.00. Following the purchase, the director directly owned 99,366 shares of the company’s stock, valued at approximately $1,489,496.34. This trade represents a 8.76% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have acquired 44,502 shares of company stock worth $653,377. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Kingstone Companies

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

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.