Kingstone Companies (NASDAQ:KINS) Director Purchases $222,170.52 in Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden acquired 15,301 shares of the stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $14.52 per share, with a total value of $222,170.52. Following the purchase, the director owned 70,165 shares of the company’s stock, valued at approximately $1,018,795.80. This trade represents a 27.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The stock was purchased at an average cost of $14.36 per share, for a total transaction of $218,286.36.

Kingstone Companies Stock Down 3.5%

NASDAQ:KINS traded down $0.52 during mid-day trading on Wednesday, hitting $14.16. The stock had a trading volume of 113,150 shares, compared to its average volume of 133,579. The stock has a 50-day simple moving average of $15.77 and a two-hundred day simple moving average of $15.73. The company has a market capitalization of $205.04 million, a PE ratio of 6.59 and a beta of 0.52. Kingstone Companies, Inc has a twelve month low of $13.08 and a twelve month high of $19.42. The company has a current ratio of 0.35, a quick ratio of 0.37 and a debt-to-equity ratio of 0.04.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The firm had revenue of $59.78 million during the quarter, compared to analyst estimates 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. On average, equities research analysts anticipate that Kingstone Companies, Inc will post 2.3 EPS for the current year.

Kingstone Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. Kingstone Companies’s dividend payout ratio (DPR) is presently 9.30%.

Analysts Set New Price Targets

A number of research firms have weighed in on KINS. Wall Street Zen raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Zacks Research raised shares of Kingstone Companies to a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings cut shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Hedge Funds Weigh In On Kingstone Companies

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

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.