52,665 Shares in Kingstone Companies, Inc $KINS Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management acquired 52,665 Kingstone Companies shares worth approximately $1.0 million, giving it a 0.36% stake. Institutional investors collectively own 14.91% of KINS.
• Kingstone reported quarterly EPS of $1.04, exceeding estimates of $0.95, though revenue of $65.85 million fell short of the $71.70 million forecast. Analysts expect $2.65 in EPS for the current fiscal year.
• The company authorized a 1 million-share buyback and raised its quarterly dividend to $0.06, equivalent to a $0.24 annualized payout and a 1.2% yield. KINS recently opened at $20.00, near its 12-month high of $20.90.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 52,665 shares of the insurance provider's stock, valued at approximately $1,002,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.36% of Kingstone Companies as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in Kingstone Companies by 80.1% during 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. Kestra Advisory Services LLC acquired a new stake in shares of Kingstone Companies in the 4th quarter valued at $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Kingstone Companies during the 2nd quarter worth $93,000. MetLife Investment Management LLC lifted its position in shares of Kingstone Companies by 99.6% during the 4th 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 last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Kingstone Companies during the second quarter worth $163,000. Hedge funds and other institutional investors own 14.91% of the company's stock.

Kingstone Companies Price Performance

KINS stock opened at $20.00 on Monday. The stock has a market cap of $289.60 million, a P/E ratio of 8.26 and a beta of 0.43. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.03. Kingstone Companies, Inc has a twelve month low of $13.15 and a twelve month high of $20.90. The company's 50 day moving average is $19.62 and its two-hundred day moving average is $17.11.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its earnings results on Thursday, August 6th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09. The business had revenue of $65.85 million during the quarter, compared to analysts' expectations of $71.70 million. Kingstone Companies had a net margin of 14.85% and a return on equity of 30.78%. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Research analysts expect that Kingstone Companies, Inc will post 2.65 earnings per share for the current fiscal year.

Kingstone Companies announced that its board has approved a share buyback program on Tuesday, May 19th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Kingstone Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th were paid a $0.06 dividend. This is a boost from Kingstone Companies's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, August 11th. Kingstone Companies's payout ratio is currently 9.92%.

Analyst Upgrades and Downgrades

Several research firms recently commented on KINS. Wall Street Zen raised Kingstone Companies from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 16th. Weiss Ratings raised Kingstone Companies from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Kingstone Companies presently has an average rating of "Moderate Buy".

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.

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