Evernest Financial Advisors LLC Sells 69,159 Shares of Kingstone Companies, Inc $KINS

Evernest Financial Advisors LLC decreased its position in shares of Kingstone Companies, Inc (NASDAQ:KINS) by 42.1% during the first quarter, HoldingsChannel reports. The firm owned 95,016 shares of the insurance provider’s stock after selling 69,159 shares during the period. Evernest Financial Advisors LLC’s holdings in Kingstone Companies were worth $1,384,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Kingstone Companies by 80.1% in the 3rd 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 in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Kingstone Companies during the 4th quarter valued at about $45,000. Kestra Advisory Services LLC bought a new stake in Kingstone Companies in the 4th quarter worth approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Kingstone Companies in the 2nd quarter worth approximately $93,000. Finally, MetLife Investment Management LLC boosted its stake 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 worth $110,000 after buying an additional 3,257 shares in the last quarter. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on KINS. Wall Street Zen cut shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kingstone Companies Stock Up 2.1%

Shares of NASDAQ:KINS opened at $20.64 on Tuesday. The stock’s 50-day moving average price is $16.69 and its 200-day moving average price is $16.24. Kingstone Companies, Inc has a 12-month low of $13.08 and a 12-month high of $20.79. The stock has a market capitalization of $298.87 million, a P/E ratio of 9.60 and a beta of 0.43. 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 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). Kingstone Companies had a return on equity of 28.63% and a net margin of 13.86%.The company had revenue of $59.78 million during the quarter, compared to analysts’ expectations of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, equities analysts anticipate that Kingstone Companies, Inc will post 2.6 earnings per share for the current year.

Kingstone Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 11th. Kingstone Companies’s payout ratio is 9.30%.

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

Insider Buying and Selling

In related news, Director Thomas Newgarden acquired 15,301 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $14.52 per share, with a total value of $222,170.52. Following the completion of the purchase, the director owned 70,165 shares in the company, valued at $1,018,795.80. This trade represents a 27.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William L. Yankus sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $18.00, for a total transaction of $243,000.00. Following the completion of the transaction, the director owned 84,972 shares in the company, valued at $1,529,496. This represents a 13.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 44,502 shares of company stock worth $653,377 over the last ninety days. Insiders own 4.30% of the company’s stock.

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.