Kingstone Companies (NASDAQ:KINS) Posts Earnings Results, Beats Expectations By $0.09 EPS

Kingstone Companies (NASDAQ:KINS) posted its quarterly earnings results on Thursday. The insurance provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.09, FiscalAI reports. Kingstone Companies had a net margin of 14.85% and a return on equity of 31.73%. The business had revenue of $65.85 million during the quarter, compared to the consensus estimate of $71.70 million. Kingstone Companies updated its FY 2026 guidance to 2.200-2.900 EPS.

Kingstone Companies Trading Down 8.5%

Shares of Kingstone Companies stock traded down $1.77 during trading on Friday, reaching $19.03. 180,972 shares of the stock were exchanged, compared to its average volume of 103,790. 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 stock’s fifty day moving average is $18.41 and its 200 day moving average is $16.67. The firm has a market cap of $275.55 million, a price-to-earnings ratio of 7.86 and a beta of 0.43. Kingstone Companies has a 1 year low of $13.08 and a 1 year high of $20.90.

Kingstone Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, August 11th. Kingstone Companies’s payout ratio is currently 9.30%.

Insider Transactions at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden purchased 15,301 shares of Kingstone Companies stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of $14.52 per share, for a total transaction of $222,170.52. Following the acquisition, the director directly owned 70,165 shares in the company, valued at approximately $1,018,795.80. This trade represents a 27.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders bought 44,502 shares of company stock worth $653,377. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Kingstone Companies

A number of large investors have recently made changes to their positions in KINS. BNP Paribas Financial Markets increased 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 valued at $34,000 after buying an additional 1,017 shares during the period. Kestra Advisory Services LLC purchased a new stake in Kingstone Companies in the fourth quarter worth $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Kingstone Companies in the second quarter worth $93,000. MetLife Investment Management LLC boosted its holdings in Kingstone Companies by 99.6% in the fourth quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 3,257 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in Kingstone Companies in the second quarter valued at $163,000. 14.91% of the stock is currently owned by institutional investors.

Kingstone Companies declared that its Board of Directors has approved a stock repurchase plan on Tuesday, May 19th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings cut Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen raised Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.