Insider Buying: Kingstone Companies (NASDAQ:KINS) Director Acquires $93,000.00 in Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden purchased 6,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was bought at an average price of $15.50 per share, for a total transaction of $93,000.00. Following the completion of the transaction, the director directly owned 91,366 shares in the company, valued at approximately $1,416,173. The trade was a 7.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, May 29th, Thomas Newgarden purchased 8,000 shares of Kingstone Companies stock. The stock was bought at an average price of $14.99 per share, for a total transaction of $119,920.00.
• On Wednesday, May 13th, Thomas Newgarden purchased 15,201 shares of Kingstone Companies stock. The stock was bought at an average price of $14.36 per share, for a total transaction of $218,286.36.
• On Tuesday, May 12th, Thomas Newgarden purchased 15,301 shares of Kingstone Companies stock. The stock was bought at an average price of $14.52 per share, for a total transaction of $222,170.52.

Kingstone Companies Stock Performance

NASDAQ KINS opened at $15.17 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $219.66 million, a price-to-earnings ratio of 7.06 and a beta of 0.46. The company’s fifty day moving average is $15.72 and its two-hundred day moving average is $15.78. Kingstone Companies, Inc has a 52-week low of $13.08 and a 52-week high of $19.42.

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 analysts’ consensus estimates of ($0.26) by ($0.09). The business had revenue of $59.78 million for the quarter, compared to the consensus estimate 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. Equities research analysts forecast that Kingstone Companies, Inc will post 2.6 EPS for the current year.

Kingstone Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, May 11th. Kingstone Companies’s dividend payout ratio (DPR) is presently 9.30%.

Kingstone Companies declared that its board has approved a share repurchase program on Tuesday, May 19th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Kingstone Companies

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings 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 purchasing an additional 1,017 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Kingstone Companies during the 4th quarter valued at about $45,000. Kestra Advisory Services LLC bought a new position in Kingstone Companies during the 4th quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Kingstone Companies during the 2nd quarter valued at about $93,000. Finally, MetLife Investment Management LLC lifted its holdings in Kingstone Companies by 99.6% during the 4th quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 3,257 shares during the last quarter. 14.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KINS shares. Wall Street Zen downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research raised shares of Kingstone Companies to a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings downgraded shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Kingstone Companies

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.