Insider Buying: Kingstone Companies (NASDAQ:KINS) Director Purchases $119,920.00 in Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden acquired 8,000 shares of the company’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 completion of the acquisition, the director owned 99,366 shares of the company’s stock, valued at approximately $1,489,496.34. The trade was a 8.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, May 28th, Thomas Newgarden acquired 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 acquired 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 acquired 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 Price Performance

NASDAQ KINS opened at $15.17 on Thursday. The company has a market cap of $219.66 million, a PE ratio of 7.06 and a beta of 0.46. Kingstone Companies, Inc has a 52 week low of $13.08 and a 52 week high of $19.42. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $15.72 and its two-hundred day simple moving average is $15.78.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The business had revenue of $59.78 million for the quarter, compared to analysts’ expectations 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. Research analysts predict that Kingstone Companies, Inc will post 2.6 earnings per share for the current year.

Kingstone Companies announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 19th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Kingstone Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Kingstone Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Kingstone Companies by 80.1% in the third 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 bought a new position in shares of Kingstone Companies in the fourth quarter worth approximately $45,000. Kestra Advisory Services LLC bought a new position in shares of Kingstone Companies in the fourth quarter worth approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Kingstone Companies in the second quarter worth approximately $93,000. Finally, MetLife Investment Management LLC increased its position in shares of Kingstone Companies by 99.6% in the fourth 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 during the last quarter. 14.91% of the stock is currently 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.