Goldman Sachs Group Inc. Increases Holdings in Kingstone Companies, Inc $KINS

Key Points

• Goldman Sachs Group Inc. increased its holdings in Kingstone Companies, Inc. by 62.2%, owning approximately 0.47% of the company valued at $1.09 million.
• Millennium Management LLC significantly boosted its stake in Kingstone Companies by 484.9%, now owning shares worth $4.76 million.
• Kingstone Companies reported earnings of $0.75 per share, surpassing analysts' expectations and announced a quarterly dividend yield of 1.5%.

Goldman Sachs Group Inc. lifted its position in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) by 62.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 65,392 shares of the insurance provider's stock after purchasing an additional 25,074 shares during the period. Goldman Sachs Group Inc. owned about 0.47% of Kingstone Companies worth $1,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Palisades Investment Partners LLC raised its holdings in Kingstone Companies by 1.8% during the 1st quarter. Palisades Investment Partners LLC now owns 61,205 shares of the insurance provider's stock valued at $1,019,000 after buying an additional 1,080 shares during the last quarter. NewEdge Advisors LLC lifted its position in Kingstone Companies by 9.2% during the 1st quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider's stock valued at $287,000 after acquiring an additional 1,448 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Kingstone Companies during the 1st quarter valued at about $39,000. State of Wyoming bought a new stake in Kingstone Companies during the fourth quarter worth about $103,000. Finally, OMERS ADMINISTRATION Corp boosted its stake in Kingstone Companies by 26.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 37,900 shares of the insurance provider's stock worth $631,000 after acquiring an additional 8,000 shares in the last quarter. 14.91% of the stock is currently owned by institutional investors.

Kingstone Companies Stock Up 1.5%

NASDAQ:KINS traded up $0.20 during mid-day trading on Monday, hitting $13.89. 109,821 shares of the company's stock were exchanged, compared to its average volume of 148,050. Kingstone Companies, Inc has a one year low of $8.45 and a one year high of $22.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.46 and a quick ratio of 0.46. The business has a fifty day moving average price of $14.56 and a 200 day moving average price of $15.65. The company has a market cap of $196.40 million, a PE ratio of 6.95 and a beta of 0.49.

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

Kingstone Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders 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 payout ratio is presently 10.00%.

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.