Kingstone Companies (NASDAQ:KINS) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Kingstone Companies, Inc (NASDAQ:KINS) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.06 and traded as high as $16.95. Kingstone Companies shares last traded at $16.76, with a volume of 99,700 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen downgraded 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 MarketBeat.com, Kingstone Companies has an average rating of “Hold”.

Kingstone Companies Trading Up 1.8%

The company has a fifty day simple moving average of $16.14 and a 200-day simple moving average of $15.92. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.04. The stock has a market cap of $253.54 million, a price-to-earnings ratio of 8.14 and a beta of 0.46.

Kingstone Companies (NASDAQ:KINS) last announced its earnings results 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 firm had revenue of $59.78 million during the quarter, compared to analyst estimates 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, research analysts forecast that Kingstone Companies, Inc will post 2.6 earnings per share for the current fiscal year.

Kingstone Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. Kingstone Companies’s dividend payout ratio (DPR) is currently 9.30%.

Kingstone Companies declared that its board has authorized a stock repurchase program 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 programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Kingstone Companies

In other news, 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 in the company, valued at $1,529,496. This represents a 13.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Newgarden bought 8,000 shares of Kingstone Companies stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $14.99 per share, with a total value of $119,920.00. Following the acquisition, the director directly owned 99,366 shares of the company’s stock, valued at approximately $1,489,496.34. This represents a 8.76% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 44,502 shares of company stock worth $653,377. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

Several hedge funds have recently bought and sold shares of KINS. BNP Paribas Financial Markets grew its stake in Kingstone Companies by 80.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 1,017 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Kingstone Companies in the 4th quarter valued at about $45,000. Kestra Advisory Services LLC purchased a new stake in shares of Kingstone Companies in the fourth quarter worth approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Kingstone Companies in the second quarter worth approximately $93,000. Finally, MetLife Investment Management LLC boosted its holdings 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 purchasing an additional 3,257 shares during the period. 14.91% of the stock is owned by hedge funds and other 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.