Globeflex Capital L P Purchases Shares of 58,102 Kingstone Companies, Inc $KINS

Globeflex Capital L P acquired a new position in Kingstone Companies, Inc (NASDAQ:KINS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 58,102 shares of the insurance provider’s stock, valued at approximately $1,106,000.

A number of other large investors have also recently made changes to their positions in the business. De Lisle Partners LLP purchased a new position in shares of Kingstone Companies during the second quarter valued at approximately $5,799,000. BlackRock Inc. purchased a new stake in Kingstone Companies in the second quarter worth $15,800,000. Deutsche Bank AG bought a new stake in Kingstone Companies in the second quarter valued at $216,000. Bank of New York Mellon Corp bought a new stake in Kingstone Companies in the second quarter valued at $1,153,000. Finally, Empowered Funds LLC increased its position in Kingstone Companies by 53.3% during the 1st quarter. Empowered Funds LLC now owns 52,250 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 18,159 shares during the period. 14.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KINS. Wall Street Zen upgraded shares of Kingstone Companies from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Weiss Ratings upgraded shares of Kingstone Companies from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Kingstone Companies Stock Up 1.3%

Shares of NASDAQ:KINS opened at $20.09 on Tuesday. The firm has a market capitalization of $290.90 million, a P/E ratio of 8.30 and a beta of 0.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a 50 day moving average price of $19.31 and a 200-day moving average price of $17.00. Kingstone Companies, Inc has a 52-week low of $13.08 and a 52-week high of $20.90.

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

Kingstone Companies Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, August 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. Kingstone Companies’s dividend payout ratio (DPR) is presently 9.92%.

Kingstone Companies announced that its Board of Directors has authorized a share buyback program on Tuesday, May 19th that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden bought 8,000 shares of Kingstone Companies stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $14.99 per share, with a total value of $119,920.00. Following the transaction, the director directly owned 99,366 shares of the company’s stock, valued at $1,489,496.34. This represents a 8.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is owned by corporate insiders.

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.