Evernest Financial Advisors LLC Sells 47,515 Shares of Kingstone Companies, Inc $KINS

Evernest Financial Advisors LLC reduced its position in Kingstone Companies, Inc (NASDAQ:KINS) by 22.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,175 shares of the insurance provider’s stock after selling 47,515 shares during the quarter. Evernest Financial Advisors LLC owned approximately 1.16% of Kingstone Companies worth $2,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Kingstone Companies by 80.1% in the third 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 during the period. State of Alaska Department of Revenue bought a new position in Kingstone Companies in the fourth quarter worth $45,000. Kestra Advisory Services LLC bought a new position in Kingstone Companies in the fourth quarter worth $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Kingstone Companies in the second quarter worth $93,000. Finally, MetLife Investment Management LLC lifted its position 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 worth $110,000 after purchasing an additional 3,257 shares during the period. 14.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director William L. Yankus sold 13,500 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $18.00, for a total value of $243,000.00. Following the completion of the sale, the director directly owned 84,972 shares in the company, valued at approximately $1,529,496. This trade represents a 13.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas Newgarden bought 8,000 shares of the stock in a transaction dated Friday, May 29th. The stock was acquired at an average price 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 $1,489,496.34. This represents a 8.76% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 44,502 shares of company stock valued at $653,377. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on KINS. Weiss Ratings cut Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen cut Kingstone Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Kingstone Companies Stock Up 2.2%

Shares of NASDAQ KINS opened at $16.23 on Friday. The stock has a market cap of $235.01 million, a PE ratio of 7.55 and a beta of 0.46. The business has a fifty day moving average of $15.88 and a two-hundred day moving average of $15.83. Kingstone Companies, Inc has a 52-week low of $13.08 and a 52-week high of $19.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.35 and a current ratio of 0.35.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.09). Kingstone Companies had a net margin of 13.86% and a return on equity of 28.63%. The company had revenue of $59.78 million for the quarter, compared to the consensus estimate of $66.90 million. 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 earnings per share for the current fiscal year.

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

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 paid a $0.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. Kingstone Companies’s dividend payout ratio (DPR) is 9.30%.

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.