Thomas Newgarden Purchases 15,201 Shares of Kingstone Companies (NASDAQ:KINS) Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden bought 15,201 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $14.36 per share, with a total value of $218,286.36. Following the purchase, the director directly owned 85,366 shares of the company’s stock, valued at approximately $1,225,855.76. This represents a 21.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Thomas Newgarden also recently made the following trade(s):

• On Tuesday, May 12th, Thomas Newgarden bought 15,301 shares of Kingstone Companies stock. The shares were purchased at an average cost of $14.52 per share, with a total value of $222,170.52.

Kingstone Companies Trading Up 4.9%

NASDAQ:KINS opened at $14.86 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.35 and a debt-to-equity ratio of 0.04. Kingstone Companies, Inc has a 1-year low of $13.08 and a 1-year high of $19.42. The firm has a market capitalization of $215.17 million, a price-to-earnings ratio of 6.91 and a beta of 0.52. The stock has a fifty day simple moving average of $15.69 and a 200 day simple moving average of $15.72.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Sell-side analysts forecast that Kingstone Companies, Inc will post 2.3 earnings per share for the current year.

Kingstone Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be given a dividend of $0.05 per share. The ex-dividend date is 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KINS shares. Zacks Research upgraded Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Wall Street Zen upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings lowered Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Kingstone Companies

A number of institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its position in Kingstone Companies by 18.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 58,049 shares of the insurance provider’s stock worth $846,000 after acquiring an additional 9,090 shares during the period. Globeflex Capital L P acquired a new stake in shares of Kingstone Companies during the 1st quarter valued at about $848,000. Dimensional Fund Advisors LP lifted its holdings in shares of Kingstone Companies by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,850 shares of the insurance provider’s stock valued at $4,077,000 after buying an additional 23,256 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Kingstone Companies during the 1st quarter valued at about $2,941,000. Finally, Empowered Funds LLC lifted its holdings in shares of Kingstone Companies by 11.5% during the 4th quarter. Empowered Funds LLC now owns 34,091 shares of the insurance provider’s stock valued at $574,000 after buying an additional 3,506 shares during the last quarter. 14.91% of the stock is currently owned by institutional investors and hedge funds.

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.