BlackRock Inc. Invests $15.80 Million in Kingstone Companies, Inc $KINS

Key Points

• BlackRock acquired 830,266 Kingstone Companies shares worth approximately $15.8 million, giving it a 5.73% stake. Institutional investors and hedge funds collectively own 14.91% of KINS.
• Kingstone reported quarterly EPS of $1.04, beating estimates of $0.95, though revenue of $65.85 million fell short of the $71.70 million consensus forecast. Analysts expect full-year EPS of approximately $2.65.
• The company authorized a buyback of up to 1 million shares and raised its quarterly dividend to $0.06 per share, equivalent to a 1.2% annualized yield. KINS has a consensus rating of “Moderate Buy.”

BlackRock Inc. purchased a new stake in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 830,266 shares of the insurance provider's stock, valued at approximately $15,800,000. BlackRock Inc. owned 5.73% of Kingstone Companies at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of Kingstone Companies by 80.1% during 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. Kestra Advisory Services LLC purchased a new stake in Kingstone Companies during the fourth quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Kingstone Companies in the 2nd quarter worth approximately $93,000. MetLife Investment Management LLC grew its stake in Kingstone Companies by 99.6% during the fourth quarter. MetLife Investment Management LLC now owns 6,528 shares of the insurance provider's stock valued at $110,000 after acquiring an additional 3,257 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Kingstone Companies during the 2nd quarter valued at $163,000. 14.91% of the stock is owned by institutional investors and hedge funds.

Kingstone Companies Price Performance

Shares of NASDAQ:KINS opened at $20.22 on Friday. The firm's 50 day moving average price is $19.84 and its 200-day moving average price is $17.22. The stock has a market capitalization of $292.79 million, a PE ratio of 8.36 and a beta of 0.44. Kingstone Companies, Inc has a twelve month low of $13.15 and a twelve month high of $20.90. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.03.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.95 by $0.09. The firm had revenue of $65.85 million during 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. Equities research analysts expect that Kingstone Companies, Inc will post 2.65 EPS for the current year.

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

Kingstone Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, August 11th. This is a positive change from Kingstone Companies's previous quarterly dividend of $0.05. Kingstone Companies's dividend payout ratio (DPR) is 9.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Kingstone Companies from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Weiss Ratings upgraded shares of Kingstone Companies from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 21st. One 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 stock has a consensus 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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