Kingstone Companies (NASDAQ:KINS) Director Thomas Newgarden Buys 6,000 Shares of Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden acquired 6,000 shares of the company’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 purchase, the director owned 91,366 shares in the company, valued at approximately $1,416,173. This trade represents a 7.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Kingstone Companies Price Performance

NASDAQ KINS opened at $15.02 on Tuesday. 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 company has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $15.78. The company has a market cap of $217.49 million, a P/E ratio of 6.99 and a beta of 0.46. Kingstone Companies, Inc has a 1 year low of $13.08 and a 1 year high of $19.42.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The firm 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. On average, sell-side analysts predict that Kingstone Companies, Inc will post 2.6 EPS for the current year.

Kingstone Companies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 19th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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 issued 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 1.3%. Kingstone Companies’s dividend payout ratio is 9.30%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings downgraded 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 shares of Kingstone Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research raised shares of Kingstone Companies to a “hold” rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Kingstone Companies

A number of hedge funds have recently made changes to their positions in KINS. BNP Paribas Financial Markets increased its position in shares of Kingstone Companies by 80.1% during 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 acquired a new stake in Kingstone Companies in the 4th quarter valued at about $45,000. Kestra Advisory Services LLC acquired a new stake in Kingstone Companies in the 4th quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Kingstone Companies in the 2nd quarter valued at about $93,000. Finally, MetLife Investment Management LLC increased its position in Kingstone Companies by 99.6% in the 4th quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 3,257 shares in the last quarter. Institutional investors and hedge funds own 14.91% of the company’s stock.

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.