Kingstone Companies (NASDAQ:KINS) Shares Pass Above 50-Day Moving Average – Here’s Why

Kingstone Companies, Inc (NASDAQ:KINS) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $16.06 and traded as high as $16.95. Kingstone Companies shares last traded at $16.76, with a volume of 99,700 shares.

Analyst Ratings Changes

Several research firms have recently issued reports on KINS. Wall Street Zen lowered 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 research note on Monday, May 11th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Kingstone Companies Stock Performance

The company has a market capitalization of $242.68 million, a PE ratio of 7.80 and a beta of 0.46. 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 business’s fifty day moving average is $16.06 and its two-hundred day moving average is $15.89.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, May 7th. The insurance provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The business had revenue of $59.78 million for the quarter, compared to analysts’ expectations of $66.90 million. Kingstone Companies had a net margin of 13.86% and a return on equity of 28.63%. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Equities research analysts predict that Kingstone Companies, Inc will post 2.6 earnings per share for the current year.

Kingstone Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. Kingstone Companies’s dividend payout ratio (DPR) is 9.30%.

Kingstone Companies announced that its board has approved a stock repurchase plan on Tuesday, May 19th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director William L. Yankus sold 13,500 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $18.00, for a total transaction of $243,000.00. Following the sale, the director owned 84,972 shares of the company’s stock, valued at $1,529,496. This trade represents a 13.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas Newgarden purchased 8,000 shares of Kingstone Companies stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $14.99 per share, with a total value of $119,920.00. Following the completion of the purchase, the director directly owned 99,366 shares of the company’s stock, valued at approximately $1,489,496.34. This trade represents a 8.76% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 44,502 shares of company stock valued at $653,377 over the last quarter. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kingstone Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in KINS. Royce & Associates LP bought a new stake in Kingstone Companies in the 4th quarter worth approximately $7,551,000. Millennium Management LLC lifted its holdings in shares of Kingstone Companies by 484.9% during the 1st quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock valued at $4,759,000 after buying an additional 236,968 shares during the period. Bleakley Financial Group LLC purchased a new position in shares of Kingstone Companies in the 1st quarter worth $2,941,000. Geode Capital Management LLC boosted its stake in shares of Kingstone Companies by 130.9% in the 2nd quarter. Geode Capital Management LLC now owns 253,624 shares of the insurance provider’s stock worth $3,909,000 after buying an additional 143,806 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Kingstone Companies by 125,492.8% in the second quarter. Bank of America Corp DE now owns 104,242 shares of the insurance provider’s stock worth $1,606,000 after acquiring an additional 104,159 shares during the period. Hedge funds and other institutional investors 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.