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

Wall Street Zen upgraded shares of Kingstone Companies (NASDAQ:KINS) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other equities analysts have also issued reports on KINS. Zacks Research upgraded shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kingstone Companies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Kingstone Companies Stock Down 2.3%

Shares of Kingstone Companies stock opened at $18.21 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.37 and a quick ratio of 0.37. Kingstone Companies has a 1-year low of $13.08 and a 1-year high of $22.40. The business’s fifty day moving average price is $15.66 and its two-hundred day moving average price is $15.55. The company has a market capitalization of $263.68 million, a P/E ratio of 6.46 and a beta of 0.44.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings results on Thursday, March 5th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.03. Kingstone Companies had a return on equity of 38.21% and a net margin of 18.97%.The company had revenue of $56.42 million during the quarter, compared to analysts’ expectations of $83.00 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. As a group, research analysts forecast that Kingstone Companies will post 2.3 EPS for the current year.

Kingstone Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th were issued a $0.05 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. Kingstone Companies’s dividend payout ratio is 7.09%.

Insiders Place Their Bets

In related news, Director William L. Yankus sold 13,500 shares of Kingstone Companies stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $18.00, for a total transaction of $243,000.00. Following the transaction, the director directly owned 84,972 shares of the company’s stock, valued at $1,529,496. The trade was a 13.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kingstone Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Kingstone Companies by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 602,335 shares of the insurance provider’s stock worth $8,854,000 after purchasing an additional 42,058 shares during the last quarter. Royce & Associates LP acquired a new stake in Kingstone Companies during the fourth quarter valued at approximately $7,551,000. Marshall Wace LLP boosted its holdings in Kingstone Companies by 16.8% during the second quarter. Marshall Wace LLP now owns 419,414 shares of the insurance provider’s stock worth $6,463,000 after buying an additional 60,439 shares in the last quarter. Gator Capital Management LLC boosted its holdings in Kingstone Companies by 4.6% during the fourth quarter. Gator Capital Management LLC now owns 310,327 shares of the insurance provider’s stock worth $5,223,000 after buying an additional 13,577 shares in the last quarter. Finally, De Lisle Partners LLP grew its position in Kingstone Companies by 5.2% in the fourth quarter. De Lisle Partners LLP now owns 304,037 shares of the insurance provider’s stock worth $5,114,000 after buying an additional 14,966 shares during 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.