Kingstone Companies (NASDAQ:KINS) Raised to “Strong-Buy” at Wall Street Zen

Kingstone Companies (NASDAQ:KINS) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kingstone Companies in a research note on Friday, August 7th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kingstone Companies Stock Performance

NASDAQ KINS opened at $19.90 on Friday. The company has a market capitalization of $288.15 million, a PE ratio of 8.22 and a beta of 0.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.34 and a current ratio of 0.34. Kingstone Companies has a 52-week low of $13.08 and a 52-week high of $20.90. The company has a 50-day simple moving average of $18.92 and a 200 day simple moving average of $16.84.

Kingstone Companies (NASDAQ:KINS) last released its earnings results on Thursday, August 6th. The insurance provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. Kingstone Companies had a net margin of 14.85% and a return on equity of 30.78%. The firm had revenue of $65.85 million for the quarter, compared to analysts’ expectations of $71.70 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, research analysts predict that Kingstone Companies will post 2.65 EPS for the current year.

Kingstone Companies announced that its board has initiated a stock repurchase 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. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $14.99 per share, with a total value of $119,920.00. Following the acquisition, the director owned 99,366 shares in the company, valued at approximately $1,489,496.34. This represents a 8.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Kingstone Companies in the second quarter worth $15,800,000. Vanguard Group Inc. raised its stake in shares of Kingstone Companies by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 602,335 shares of the insurance provider’s stock valued at $8,854,000 after purchasing an additional 42,058 shares during the period. Royce & Associates LP purchased a new stake in Kingstone Companies during the 4th quarter worth about $7,551,000. Marshall Wace LLP lifted its holdings in Kingstone Companies by 16.8% during the 2nd 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. Finally, Gator Capital Management LLC boosted its stake in Kingstone Companies by 4.6% in the 4th quarter. Gator Capital Management LLC now owns 310,327 shares of the insurance provider’s stock worth $5,223,000 after purchasing an additional 13,577 shares during the period. Hedge funds and other institutional investors own 14.91% 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.