Kingstone Companies (NASDAQ:KINS) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Kingstone Companies, Inc (NASDAQ:KINS)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.70 and traded as high as $16.59. Kingstone Companies shares last traded at $16.12, with a volume of 113,802 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings downgraded shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Kingstone Companies Stock Performance

The company has a market capitalization of $233.42 million, a P/E ratio of 7.50 and a beta of 0.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50 day simple moving average is $15.70 and its two-hundred day simple moving average is $15.77.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results 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 company had revenue of $59.78 million during the quarter, compared to the consensus estimate of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. As a group, research analysts expect that Kingstone Companies, Inc will post 2.6 earnings per share for the current year.

Kingstone Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, May 11th. Kingstone Companies’s payout ratio is 9.30%.

Kingstone Companies announced that its board has authorized a share buyback program on Tuesday, May 19th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Kingstone Companies news, Director Thomas Newgarden purchased 15,201 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $14.36 per share, with a total value of $218,286.36. Following the completion of the purchase, the director directly owned 85,366 shares in the company, valued at approximately $1,225,855.76. This represents a 21.66% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William L. Yankus sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was 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 of the company’s stock, valued at approximately $1,529,496. This trade represents a 13.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in shares of Kingstone Companies by 80.1% during the third quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock worth $34,000 after buying an additional 1,017 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Kingstone Companies during the fourth quarter worth approximately $45,000. Kestra Advisory Services LLC bought a new stake in shares of Kingstone Companies during the fourth quarter worth approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Kingstone Companies during the second quarter worth approximately $93,000. Finally, MetLife Investment Management LLC raised its stake in shares of Kingstone Companies by 99.6% during the fourth quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock worth $110,000 after buying an additional 3,257 shares during the last quarter. 14.91% of the stock is owned by institutional investors.

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.