Kingstone Companies (NASDAQ:KINS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kingstone Companies (NASDAQ:KINS) from a buy rating to a strong-buy rating in a research note published on Sunday morning.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kingstone Companies in a report on Friday, August 7th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Kingstone Companies Stock Performance

KINS opened at $19.78 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.03. Kingstone Companies has a 12-month low of $13.08 and a 12-month high of $20.90. The business has a 50 day moving average of $19.00 and a 200-day moving average of $16.88. The stock has a market cap of $286.41 million, a price-to-earnings ratio of 8.17 and a beta of 0.43.

Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Thursday, August 6th. The insurance provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09. Kingstone Companies had a return on equity of 30.78% and a net margin of 14.85%.The business had revenue of $65.85 million for the quarter, compared to analyst estimates of $71.70 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, equities research analysts expect that Kingstone Companies will post 2.65 earnings per share for the current year.

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

Kingstone Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.06 per share. 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 1.2%. The ex-dividend date is Tuesday, August 11th. Kingstone Companies’s dividend payout ratio is presently 9.92%.

Insider Buying and Selling at Kingstone Companies

In other news, Director Thomas Newgarden bought 8,000 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $14.99 per share, for a total transaction of $119,920.00. Following the completion of the purchase, the director 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KINS. BNP Paribas Financial Markets increased its position 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 worth $34,000 after buying an additional 1,017 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Kingstone Companies in the fourth quarter valued at about $45,000. Kestra Advisory Services LLC bought a new stake in shares of Kingstone Companies in the fourth quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Kingstone Companies in the second quarter valued at about $93,000. Finally, MetLife Investment Management LLC grew its stake in shares of Kingstone Companies by 99.6% in the fourth 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. 14.91% of the stock is owned by institutional investors and hedge funds.

Kingstone Companies Company Profile

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.