Kingstone Companies (NASDAQ:KINS) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Kingstone Companies, Inc (NASDAQ:KINS)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.80 and traded as low as $15.33. Kingstone Companies shares last traded at $15.54, with a volume of 57,062 shares traded.

Wall Street Analyst Weigh In

KINS has been the subject of a number of recent analyst reports. Wall Street Zen lowered Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Kingstone Companies presently has an average rating of “Hold”.

Kingstone Companies Price Performance

The firm has a 50 day moving average price of $15.82 and a 200 day moving average price of $15.82. The stock has a market capitalization of $229.36 million, a PE ratio of 7.37 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 (NASDAQ:KINS) last released its quarterly 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). Kingstone Companies had a net margin of 13.86% and a return on equity of 28.63%. The company had revenue of $59.78 million for 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. Research analysts anticipate that Kingstone Companies, Inc will post 2.6 earnings per share for the current year.

Kingstone Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 1.3%. Kingstone Companies’s dividend payout ratio (DPR) is presently 9.30%.

Kingstone Companies announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 19th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden purchased 15,301 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $14.52 per share, for a total transaction 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 represents a 27.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William L. Yankus sold 13,500 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $18.00, for a total value of $243,000.00. Following the completion of the sale, the director owned 84,972 shares of the company’s stock, valued at $1,529,496. The trade was a 13.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 44,502 shares of company stock valued at $653,377 in the last ninety days. 5.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kingstone Companies

Institutional investors have recently bought and sold shares of the business. Royce & Associates LP bought a new position in Kingstone Companies in the 4th quarter worth approximately $7,551,000. Millennium Management LLC boosted its stake in Kingstone Companies by 484.9% in the 1st quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock worth $4,759,000 after purchasing an additional 236,968 shares during the period. Bleakley Financial Group LLC bought a new position in Kingstone Companies in the 1st quarter worth approximately $2,941,000. Geode Capital Management LLC boosted its stake in Kingstone Companies by 130.9% in the 2nd 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 during the period. Finally, Bank of America Corp DE boosted its stake in Kingstone Companies by 125,492.8% in the 2nd quarter. Bank of America Corp DE now owns 104,242 shares of the insurance provider’s stock worth $1,606,000 after purchasing an additional 104,159 shares during the period. Hedge funds and other institutional investors own 14.91% of the company’s stock.

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.