Kingstone Companies, Inc $KINS Shares Bought by FJ Capital Management LLC

FJ Capital Management LLC increased its holdings in shares of Kingstone Companies, Inc (NASDAQ:KINS) by 89.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,256 shares of the insurance provider’s stock after buying an additional 36,927 shares during the period. FJ Capital Management LLC’s holdings in Kingstone Companies were worth $1,317,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Kingstone Companies by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 602,335 shares of the insurance provider’s stock worth $8,854,000 after acquiring an additional 42,058 shares during the period. Royce & Associates LP acquired a new position in shares of Kingstone Companies during the fourth quarter worth about $7,551,000. Marshall Wace LLP raised its holdings in Kingstone Companies by 16.8% during the second quarter. Marshall Wace LLP now owns 419,414 shares of the insurance provider’s stock worth $6,463,000 after purchasing an additional 60,439 shares in the last quarter. Gator Capital Management LLC lifted its position in Kingstone Companies by 4.6% in the fourth quarter. Gator Capital Management LLC now owns 310,327 shares of the insurance provider’s stock valued at $5,223,000 after purchasing an additional 13,577 shares during the period. Finally, De Lisle Partners LLP lifted its position in Kingstone Companies by 5.2% in the fourth quarter. De Lisle Partners LLP now owns 304,037 shares of the insurance provider’s stock valued at $5,114,000 after purchasing an additional 14,966 shares during the period. Institutional investors and hedge funds own 14.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kingstone Companies Stock Performance

Kingstone Companies stock opened at $16.23 on Friday. Kingstone Companies, Inc has a fifty-two week low of $13.08 and a fifty-two week high of $19.42. The company has a market capitalization of $235.01 million, a price-to-earnings ratio of 7.55 and a beta of 0.46. The stock has a fifty day moving average of $15.88 and a two-hundred day moving average of $15.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.35 and a current ratio of 0.35.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.09). The firm had revenue of $59.78 million for the quarter, compared to analysts’ expectations of $66.90 million. Kingstone Companies had a return on equity of 28.63% and a net margin of 13.86%.Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, analysts anticipate that Kingstone Companies, Inc will post 2.6 EPS for the current fiscal year.

Kingstone Companies Dividend Announcement

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

Kingstone Companies declared that its board has approved a stock buyback plan on Tuesday, May 19th that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Thomas Newgarden purchased 8,000 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $14.99 per share, with a total value of $119,920.00. Following the completion of the transaction, the director owned 99,366 shares in the company, valued at approximately $1,489,496.34. The trade was a 8.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William L. Yankus sold 13,500 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $18.00, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have bought 44,502 shares of company stock valued at $653,377. Insiders own 5.10% of the company’s stock.

Kingstone Companies 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.