Wall Street Zen Upgrades Kingstone Companies (NASDAQ:KINS) to Buy

Kingstone Companies (NASDAQ:KINS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings downgraded shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Kingstone Companies Stock Performance

Shares of NASDAQ:KINS opened at $19.03 on Friday. The business’s 50-day moving average is $18.41 and its 200 day moving average is $16.68. Kingstone Companies has a 1 year low of $13.08 and a 1 year high of $20.90. The firm has a market capitalization of $275.55 million, a P/E ratio of 7.86 and a beta of 0.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35.

Kingstone Companies (NASDAQ:KINS) last released 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. The company had revenue of $65.85 million during the quarter, compared to analysts’ expectations of $71.70 million. Kingstone Companies had a return on equity of 31.73% and a net margin of 14.85%.Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, research analysts predict that Kingstone Companies will post 2.6 earnings per share for the current fiscal year.

Kingstone Companies declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 19th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Thomas Newgarden purchased 8,000 shares of the stock in a transaction that occurred on 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 completion of the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders purchased 44,502 shares of company stock valued at $653,377. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Kingstone Companies

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 1,017 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Kingstone Companies during the fourth quarter worth $45,000. Kestra Advisory Services LLC purchased a new position in Kingstone Companies during the fourth quarter valued at $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Kingstone Companies during the second quarter valued at $93,000. Finally, MetLife Investment Management LLC grew its position in shares of 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 purchasing an additional 3,257 shares during the period. Institutional investors and hedge funds own 14.91% of the company’s stock.

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.