Kingstone Companies (NASDAQ:KINS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Kingstone Companies (NASDAQ:KINS) from a buy rating to a hold rating in a research report report published on Saturday morning.

Other analysts have also issued research reports about the company. Zacks Research upgraded Kingstone Companies to a “hold” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kingstone Companies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Kingstone Companies Price Performance

KINS stock opened at $15.37 on Friday. The firm has a market capitalization of $217.49 million, a P/E ratio of 5.45 and a beta of 0.42. Kingstone Companies has a 52-week low of $13.08 and a 52-week high of $22.40. The company’s 50 day simple moving average is $16.08 and its 200-day simple moving average is $15.24.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Thursday, March 5th. The insurance provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Kingstone Companies had a net margin of 18.97% and a return on equity of 41.01%. The firm had revenue of $56.42 million during the quarter, compared to analyst estimates of $83.00 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Sell-side analysts predict that Kingstone Companies will post 1.4 EPS for the current fiscal year.

Kingstone Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, February 11th. Kingstone Companies’s dividend payout ratio (DPR) is currently 7.09%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KINS. Cincinnati Insurance Co. acquired a new stake in shares of Kingstone Companies during the 3rd quarter valued at $1,237,000. Squarepoint Ops LLC increased its stake in shares of Kingstone Companies by 201.9% in the second quarter. Squarepoint Ops LLC now owns 101,757 shares of the insurance provider’s stock worth $1,568,000 after acquiring an additional 68,055 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Kingstone Companies during the second quarter worth $1,476,000. American Century Companies Inc. raised its holdings in shares of Kingstone Companies by 36.3% during the second quarter. American Century Companies Inc. now owns 220,470 shares of the insurance provider’s stock worth $3,397,000 after acquiring an additional 58,661 shares in the last quarter. Finally, De Lisle Partners LLP boosted its position in Kingstone Companies by 179.5% during the second quarter. De Lisle Partners LLP now owns 267,488 shares of the insurance provider’s stock valued at $4,120,000 after purchasing an additional 171,778 shares during 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.