Thomas Newgarden Buys 8,000 Shares of Kingstone Companies (NASDAQ:KINS) Stock

Kingstone Companies, Inc (NASDAQ:KINS) Director Thomas Newgarden purchased 8,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $14.99 per share, with a total value of $119,920.00. Following the completion of the purchase, the director owned 99,366 shares of the company’s stock, valued at approximately $1,489,496.34. This represents a 8.76% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Thomas Newgarden also recently made the following trade(s):

• On Thursday, May 28th, Thomas Newgarden bought 6,000 shares of Kingstone Companies stock. The shares were acquired at an average cost of $15.50 per share, with a total value of $93,000.00.
• On Wednesday, May 13th, Thomas Newgarden bought 15,201 shares of Kingstone Companies stock. The shares were acquired at an average cost of $14.36 per share, with a total value of $218,286.36.
• On Tuesday, May 12th, Thomas Newgarden bought 15,301 shares of Kingstone Companies stock. The shares were acquired at an average cost of $14.52 per share, with a total value of $222,170.52.

Kingstone Companies Stock Performance

NASDAQ:KINS opened at $14.87 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a 50-day moving average of $15.70 and a 200-day moving average of $15.78. The company has a market cap of $215.32 million, a PE ratio of 6.92 and a beta of 0.46. Kingstone Companies, Inc has a one year low of $13.08 and a one year high of $19.42.

Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Thursday, May 7th. The insurance provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The business had revenue of $59.78 million for the quarter, compared to the consensus estimate 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. As a group, equities research analysts expect that Kingstone Companies, Inc will post 2.6 EPS for the current fiscal year.

Kingstone Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. Kingstone Companies’s payout ratio is presently 9.30%.

Kingstone Companies announced that its board has approved a stock repurchase 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. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented 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, May 16th. Finally, Zacks Research raised shares of Kingstone Companies to a “hold” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Investors Weigh In On Kingstone Companies

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Kingstone Companies by 80.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 1,017 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Kingstone Companies in the 4th quarter worth about $45,000. Kestra Advisory Services LLC purchased a new position in Kingstone Companies in the fourth quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Kingstone Companies in the second quarter valued at about $93,000. Finally, MetLife Investment Management LLC boosted its stake in 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 during the last quarter. 14.91% of the stock is owned by institutional investors.

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.