Thomas Newgarden Buys 6,000 Shares of Kingstone Companies (NASDAQ:KINS) Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden acquired 6,000 shares of Kingstone Companies stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average price of $15.50 per share, with a total value of $93,000.00. Following the transaction, the director owned 91,366 shares of the company’s stock, valued at $1,416,173. This trade represents a 7.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, May 29th, Thomas Newgarden acquired 8,000 shares of Kingstone Companies stock. The stock was acquired at an average cost of $14.99 per share, for a total transaction of $119,920.00.
• On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The shares were acquired at an average price 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, with a total value of $222,170.52.

Kingstone Companies Stock Up 0.1%

KINS opened at $15.04 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35. Kingstone Companies, Inc has a 12 month low of $13.08 and a 12 month high of $19.42. The stock has a market capitalization of $217.78 million, a P/E ratio of 7.00 and a beta of 0.46. The business has a 50 day simple moving average of $15.71 and a 200-day simple moving average of $15.78.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share 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 business 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. On average, equities analysts anticipate that Kingstone Companies, Inc will post 2.6 earnings per share for the current fiscal year.

Kingstone Companies announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 19th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Kingstone Companies Dividend Announcement

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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, May 11th. Kingstone Companies’s dividend payout ratio (DPR) is currently 9.30%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Kingstone Companies

A number of large investors have recently bought and sold shares of the stock. Cincinnati Insurance Co. purchased a new stake in shares of Kingstone Companies in the third quarter valued at $1,237,000. Daytona Street Capital LLC purchased a new stake in Kingstone Companies during the 4th quarter worth about $934,000. Royce & Associates LP purchased a new stake in Kingstone Companies during the 4th quarter worth about $7,551,000. Evernest Financial Advisors LLC raised its stake in Kingstone Companies by 35.3% in the 3rd quarter. Evernest Financial Advisors LLC now owns 211,690 shares of the insurance provider’s stock valued at $3,112,000 after purchasing an additional 55,190 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Kingstone Companies in the 3rd quarter valued at about $608,000. Institutional investors and hedge funds own 14.91% of the company’s stock.

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.