Key Points
- Director Thomas Newgarden bought 8,000 shares of Kingstone Companies at an average price of $14.99, bringing his total holdings to 99,366 shares. The purchase was valued at about $119,920 and increased his position by 8.76%.
- Kingstone Companies recently reported mixed quarterly results, missing analyst expectations on both earnings and revenue. The company posted a loss of $0.35 per share versus the expected loss of $0.26, while revenue came in at $59.78 million against estimates of $66.90 million.
- The company announced shareholder-friendly actions, including a new 1,000,000-share buyback authorization and a quarterly dividend of $0.05 per share. Analysts currently have a consensus rating of Hold on the stock.
Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report) Director Thomas Newgarden acquired 6,000 shares of the stock in a transaction on Thursday, May 28th. The stock was bought at an average price of $15.50 per share, with a total value of $93,000.00. Following the transaction, the director directly owned 91,366 shares in the company, valued at approximately $1,416,173. This represents a 7.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, 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 bought at an average price of $14.99 per share, with a total value of $119,920.00.
- On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The stock was 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 stock was acquired at an average cost of $14.52 per share, for a total transaction of $222,170.52.
Kingstone Companies Stock Up 1.0%
Shares of NASDAQ KINS opened at $15.02 on Tuesday. The firm has a market capitalization of $217.49 million, a PE ratio of 6.99 and a beta of 0.46. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.04. Kingstone Companies, Inc has a 1 year low of $13.08 and a 1 year high of $19.42. The firm's 50-day moving average is $15.71 and its 200-day moving average is $15.78.
Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its earnings results on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The business had revenue of $59.78 million during the quarter, compared to the consensus estimate 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. Equities analysts expect that Kingstone Companies, Inc will post 2.6 EPS for the current year.
Kingstone Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend 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 9.30%.
Kingstone Companies declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 19th that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on KINS shares. Wall Street Zen lowered shares of Kingstone Companies from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of Kingstone Companies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, May 11th. Finally, Zacks Research raised shares of Kingstone Companies to a "hold" rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".
Get Our Latest Stock Report on Kingstone Companies
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of KINS. Millennium Management LLC lifted its stake in Kingstone Companies by 484.9% in the first quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider's stock valued at $4,759,000 after buying an additional 236,968 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Kingstone Companies by 9.2% in the first 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. lifted its stake in Kingstone Companies by 62.2% in the first quarter. Goldman Sachs Group Inc. now owns 65,392 shares of the insurance provider's stock valued at $1,089,000 after buying an additional 25,074 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Kingstone Companies in the first quarter valued at approximately $495,000. Finally, Geode Capital Management LLC lifted its position in shares of Kingstone Companies by 130.9% in the second quarter. Geode Capital Management LLC now owns 253,624 shares of the insurance provider's stock worth $3,909,000 after purchasing an additional 143,806 shares in the last quarter. Institutional investors own 14.91% of the company's stock.
Kingstone Companies Company Profile
(
Get Free Report)
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.
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