Kingstone Companies (NASDAQ:KINS) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Kingstone Companies (NASDAQ:KINS) issued its quarterly earnings results on Thursday. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09, FiscalAI reports. The business had revenue of $65.85 million during the quarter, compared to analysts’ expectations of $71.70 million. Kingstone Companies had a return on equity of 31.73% and a net margin of 14.85%. Kingstone Companies updated its FY 2026 guidance to 2.200-2.900 EPS.

Kingstone Companies Price Performance

Shares of NASDAQ:KINS traded down $1.77 during trading on Friday, hitting $19.03. 180,972 shares of the company were exchanged, compared to its average volume of 103,790. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.04. Kingstone Companies has a 1-year low of $13.08 and a 1-year high of $20.90. The company has a market capitalization of $275.55 million, a P/E ratio of 7.86 and a beta of 0.43. The business’s 50 day moving average is $18.41 and its 200-day moving average is $16.67.

Kingstone Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This is a boost from Kingstone Companies’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. Kingstone Companies’s payout ratio is presently 9.30%.

Kingstone Companies announced that its board has authorized a share repurchase program on Tuesday, May 19th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Thomas Newgarden bought 8,000 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $14.99 per share, with a total value of $119,920.00. Following the acquisition, the director directly owned 99,366 shares in the company, valued at approximately $1,489,496.34. This trade represents a 8.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 44,502 shares of company stock worth $653,377. Insiders own 4.30% of the company’s stock.

Institutional Trading of Kingstone Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG grew its position in shares of Kingstone Companies by 8.0% in the 4th quarter. Deutsche Bank AG now owns 10,738 shares of the insurance provider’s stock valued at $181,000 after buying an additional 797 shares during the last quarter. First Trust Advisors LP raised its position in shares of Kingstone Companies by 2.5% during the fourth quarter. First Trust Advisors LP now owns 37,121 shares of the insurance provider’s stock worth $625,000 after acquiring an additional 915 shares during the last quarter. Man Group plc raised its position in shares of Kingstone Companies by 6.8% during the fourth quarter. Man Group plc now owns 14,394 shares of the insurance provider’s stock worth $242,000 after acquiring an additional 922 shares during the last quarter. State Street Corp lifted its stake in shares of Kingstone Companies by 0.6% in the fourth quarter. State Street Corp now owns 160,604 shares of the insurance provider’s stock worth $2,703,000 after acquiring an additional 932 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Kingstone Companies by 80.1% in the third quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 1,017 shares during the period. 14.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings downgraded Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Kingstone Companies has an average 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.