Empowered Funds LLC Purchases New Shares in Kingstone Companies, Inc $KINS

Key Points

• Empowered Funds LLC bought 56,413 shares of Kingstone Companies in the second quarter, valued at approximately $1.07 million, while other major institutions also established or expanded positions.
• Analysts maintain a positive outlook, with the stock carrying a consensus “Moderate Buy” rating after upgrades from Wall Street Zen and Weiss Ratings.
• Kingstone exceeded quarterly EPS expectations, authorized a repurchase of up to 1 million shares, and increased its quarterly dividend to $0.06 per share.

Empowered Funds LLC purchased a new position in shares of Kingstone Companies, Inc (NASDAQ:KINS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,413 shares of the insurance provider's stock, valued at approximately $1,074,000. Empowered Funds LLC owned about 0.39% of Kingstone Companies at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Kingstone Companies during the second quarter worth $15,800,000. Royce & Associates LP purchased a new position in Kingstone Companies in the fourth quarter valued at about $7,551,000. De Lisle Partners LLP bought a new stake in shares of Kingstone Companies in the 2nd quarter worth about $5,799,000. Millennium Management LLC boosted its holdings in Kingstone Companies by 484.9% in the first quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider's stock worth $4,759,000 after purchasing an additional 236,968 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in shares of Kingstone Companies during the first quarter valued at approximately $2,941,000. Hedge funds and other institutional investors own 14.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KINS shares. Wall Street Zen upgraded Kingstone Companies from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Weiss Ratings upgraded 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 given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Kingstone Companies Trading Down 1.3%

Shares of NASDAQ KINS opened at $19.96 on Friday. The company has a 50-day moving average of $19.87 and a two-hundred day moving average of $17.24. The company has a market cap of $289.02 million, a PE ratio of 8.25 and a beta of 0.44. Kingstone Companies, Inc has a 1-year low of $13.15 and a 1-year high of $20.90. 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 (NASDAQ:KINS - Get Free Report) last released its earnings results on Thursday, August 6th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.09. The company had revenue of $65.85 million for the quarter, compared to the consensus estimate 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. As a group, equities analysts expect that Kingstone Companies, Inc will post 2.65 earnings per share for the current fiscal year.

Kingstone Companies announced that its Board of Directors has approved a share repurchase plan on Tuesday, May 19th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Kingstone Companies Increases Dividend

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

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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