Kingstone Companies (NASDAQ:KINS) Director Thomas Newgarden Buys 8,000 Shares of Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden bought 8,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were acquired at an average cost of $14.99 per share, for a total transaction of $119,920.00. Following the transaction, the director directly owned 99,366 shares in the company, valued at approximately $1,489,496.34. This trade represents a 8.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, May 28th, Thomas Newgarden bought 6,000 shares of Kingstone Companies stock. The shares were acquired at an average cost of $15.50 per share, for a total transaction of $93,000.00.
• On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The shares were acquired at an average cost of $14.36 per share, for a total transaction of $218,286.36.
• On Tuesday, May 12th, Thomas Newgarden bought 15,301 shares of Kingstone Companies stock. The shares were acquired at an average cost of $14.52 per share, for a total transaction of $222,170.52.

Kingstone Companies Trading Up 1.0%

NASDAQ KINS opened at $15.02 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $217.49 million, a price-to-earnings ratio of 6.99 and a beta of 0.46. The company’s 50-day simple moving average is $15.71 and its two-hundred day simple moving average is $15.78. Kingstone Companies, Inc has a one year low of $13.08 and a one year high of $19.42.

Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Thursday, May 7th. The insurance provider reported ($0.35) 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 business had revenue of $59.78 million for the quarter, compared to analysts’ expectations of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Equities analysts forecast that Kingstone Companies, Inc will post 2.6 EPS for the current fiscal year.

Kingstone Companies declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 19th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Kingstone Companies Announces Dividend

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

Institutional Trading of Kingstone Companies

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in Kingstone Companies by 80.1% during the 3rd 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 last quarter. State of Alaska Department of Revenue purchased a new stake in Kingstone Companies during the 4th quarter worth approximately $45,000. Kestra Advisory Services LLC acquired a new stake in Kingstone Companies during the 4th quarter valued at approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Kingstone Companies during the 2nd quarter valued at approximately $93,000. Finally, MetLife Investment Management LLC lifted its stake in Kingstone Companies by 99.6% during the 4th quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 3,257 shares during the period. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KINS. 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. Wall Street Zen downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. 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, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.