448,657 Shares in Kingstone Companies, Inc $KINS Purchased by Royce & Associates LP

Royce & Associates LP purchased a new position in Kingstone Companies, Inc (NASDAQ:KINS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 448,657 shares of the insurance provider’s stock, valued at approximately $7,551,000.

Several other institutional investors also recently modified their holdings of KINS. Millennium Management LLC increased its stake in shares of Kingstone Companies by 484.9% in the 1st quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock worth $4,759,000 after acquiring an additional 236,968 shares in the last quarter. Geode Capital Management LLC grew its position in Kingstone Companies by 130.9% during the 2nd quarter. Geode Capital Management LLC now owns 253,624 shares of the insurance provider’s stock valued at $3,909,000 after purchasing an additional 143,806 shares during the last quarter. Bank of America Corp DE grew its position in Kingstone Companies by 125,492.8% during the 2nd quarter. Bank of America Corp DE now owns 104,242 shares of the insurance provider’s stock valued at $1,606,000 after purchasing an additional 104,159 shares during the last quarter. Two Sigma Investments LP grew its position in Kingstone Companies by 154.5% during the 3rd quarter. Two Sigma Investments LP now owns 150,143 shares of the insurance provider’s stock valued at $2,207,000 after purchasing an additional 91,146 shares during the last quarter. Finally, Cincinnati Insurance Co. purchased a new stake in Kingstone Companies during the 3rd quarter valued at about $1,237,000. 14.91% of the stock is currently owned by institutional investors.

Kingstone Companies Stock Performance

Shares of KINS stock opened at $15.35 on Friday. Kingstone Companies, Inc has a one year low of $13.08 and a one year high of $19.42. The company’s 50-day moving average is $15.70 and its 200 day moving average is $15.78. The company has a market capitalization of $222.27 million, a price-to-earnings ratio of 7.14 and a beta of 0.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.35 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) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The firm had revenue of $59.78 million for the quarter, compared to analysts’ expectations of $66.90 million. Kingstone Companies had a net margin of 13.86% and a return on equity of 28.63%. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Sell-side analysts expect that Kingstone Companies, Inc will post 2.6 EPS for the current fiscal year.

Kingstone Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, May 11th. Kingstone Companies’s dividend payout ratio (DPR) is presently 9.30%.

Kingstone Companies announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 19th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Zacks Research raised shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Insider Transactions at Kingstone Companies

In related news, Director Thomas Newgarden purchased 15,201 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $14.36 per share, with a total value of $218,286.36. Following the acquisition, the director directly owned 85,366 shares in the company, valued at $1,225,855.76. The trade was a 21.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William L. Yankus sold 13,500 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $18.00, for a total transaction of $243,000.00. Following the sale, the director directly owned 84,972 shares in the company, valued at approximately $1,529,496. The trade was a 13.71% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.10% of the company’s stock.

About Kingstone Companies

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.