Share Repurchase Program Declared by Kingstone Companies (NASDAQ:KINS) Board

Kingstone Companies (NASDAQ:KINS) declared that its board has initiated a share repurchase plan on Tuesday, May 19th, RTT News reports. The company plans 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 plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Kingstone Companies Price Performance

Shares of Kingstone Companies stock traded up $0.04 during trading hours on Tuesday, reaching $15.20. The stock had a trading volume of 180,293 shares, compared to its average volume of 141,565. The stock’s 50 day moving average is $15.62 and its 200 day moving average is $15.73. The firm has a market capitalization of $220.10 million, a PE ratio of 7.07 and a beta of 0.52. Kingstone Companies has a twelve month low of $13.08 and a twelve month high of $19.42. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.04.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.09). The firm had revenue of $59.78 million during the quarter, compared to analyst estimates of $66.90 million. Kingstone Companies had a return on equity of 28.63% and a net margin of 13.86%.Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Equities analysts expect that Kingstone Companies will post 2.3 earnings per share for the current fiscal year.

Kingstone Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be given a $0.05 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. Kingstone Companies’s dividend payout ratio is 9.30%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research upgraded shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Insider Transactions at Kingstone Companies

In other news, Director William L. Yankus sold 13,500 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $18.00, for a total transaction of $243,000.00. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Newgarden bought 15,201 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $14.36 per share, with a total value of $218,286.36. Following the purchase, the director directly owned 85,366 shares of the company’s stock, valued at approximately $1,225,855.76. This represents a 21.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 5.10% of the stock is owned by insiders.

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.