PDT Partners LLC Makes New $778,000 Investment in Kingstone Companies, Inc $KINS

PDT Partners LLC acquired a new position in Kingstone Companies, Inc (NASDAQ:KINS) during the second quarter, HoldingsChannel.com reports. The fund acquired 40,870 shares of the insurance provider’s stock, valued at approximately $778,000.

Several other large investors have also added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Kingstone Companies in the second quarter valued at $1,002,000. Globeflex Capital L P bought a new stake in Kingstone Companies during the 2nd quarter worth about $1,106,000. De Lisle Partners LLP acquired a new position in shares of Kingstone Companies during the 2nd quarter worth about $5,799,000. BlackRock Inc. acquired a new position in shares of Kingstone Companies during the 2nd quarter worth about $15,800,000. Finally, Deutsche Bank AG bought a new position in shares of Kingstone Companies in the 2nd quarter valued at about $216,000. Institutional investors and hedge funds own 14.91% of the company’s stock.

Kingstone Companies Price Performance

Shares of KINS opened at $20.09 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $19.55 and its 200 day simple moving average is $17.08. Kingstone Companies, Inc has a 1-year low of $13.08 and a 1-year high of $20.90. The company has a market cap of $290.90 million, a price-to-earnings ratio of 8.30 and a beta of 0.43.

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

Kingstone Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th were paid a $0.06 dividend. This is a positive change from Kingstone Companies’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, August 11th. Kingstone Companies’s dividend payout ratio is currently 9.92%.

Kingstone Companies declared that its Board of Directors has approved a stock buyback program on Tuesday, May 19th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen raised Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Weiss Ratings raised Kingstone Companies from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. One 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, Kingstone Companies currently has an average rating of “Moderate Buy”.

Kingstone Companies 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.