American Century Companies Inc. Buys 76,451 Shares of Kingstone Companies, Inc $KINS

Key Points

• American Century Companies Inc. increased its holdings in Kingstone Companies, Inc. by 89.6% during the first quarter, acquiring a total of 161,809 shares valued at approximately $2.69 million.
• Kingstone Companies reported $0.75 earnings per share for the last quarter, surpassing the consensus estimate of $0.55 by $0.20, and provided a FY 2025 guidance of 1.950-2.35 EPS.
• The company's recent quarterly dividend of $0.05 per share represents an annualized yield of 1.5%, with a current dividend payout ratio of just 10.00%.

American Century Companies Inc. raised its position in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) by 89.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,809 shares of the insurance provider's stock after acquiring an additional 76,451 shares during the quarter. American Century Companies Inc. owned approximately 1.18% of Kingstone Companies worth $2,694,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Kingstone Companies during the 1st quarter worth approximately $39,000. Tower Research Capital LLC TRC lifted its stake in shares of Kingstone Companies by 370.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,847 shares of the insurance provider's stock worth $43,000 after buying an additional 2,242 shares during the last quarter. State of Wyoming acquired a new stake in shares of Kingstone Companies during the 4th quarter worth about $103,000. JPMorgan Chase & Co. lifted its stake in shares of Kingstone Companies by 8.1% during the 4th quarter. JPMorgan Chase & Co. now owns 11,042 shares of the insurance provider's stock worth $168,000 after buying an additional 823 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Kingstone Companies during the 4th quarter worth about $211,000. Institutional investors and hedge funds own 14.91% of the company's stock.

Kingstone Companies Trading Down 4.1%

Shares of NASDAQ:KINS traded down $0.59 during midday trading on Friday, reaching $13.85. The company's stock had a trading volume of 16,382 shares, compared to its average volume of 299,396. The firm has a market capitalization of $195.81 million, a price-to-earnings ratio of 6.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a 50 day moving average price of $14.93 and a two-hundred day moving average price of $15.86. Kingstone Companies, Inc has a fifty-two week low of $8.25 and a fifty-two week high of $22.40.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its earnings results on Thursday, August 7th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20. The business had revenue of $59.80 million for the quarter, compared to analyst estimates of $45.20 million. Kingstone Companies had a net margin of 14.84% and a return on equity of 33.21%. Kingstone Companies has set its FY 2025 guidance at 1.950-2.35 EPS. As a group, analysts forecast that Kingstone Companies, Inc will post 1.4 earnings per share for the current year.

Kingstone Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 11th. Kingstone Companies's dividend payout ratio (DPR) is presently 10.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Kingstone Companies from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.

Kingstone Companies Profile

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.