Kingstone Companies, Inc $KINS Shares Newly Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC purchased 124,662 Kingstone Companies shares in the third quarter, valued at approximately $2.19 million and representing a 0.86% stake. Institutional investors collectively own 14.91% of the insurer.
• Analyst sentiment is positive, with Kingstone receiving a consensus “Moderate Buy” rating. Wall Street Zen upgraded the stock to “strong buy,” while Weiss Ratings raised its rating to “buy (b+).”
• Kingstone reported quarterly EPS of $1.04, exceeding estimates of $0.95, and declared a quarterly dividend of $0.06, equivalent to a $0.24 annualized payout and a 1.2% yield.

Inspire Investing LLC purchased a new stake in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 124,662 shares of the insurance provider's stock, valued at approximately $2,192,000. Inspire Investing LLC owned 0.86% of Kingstone Companies at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Kingstone Companies during the second quarter worth about $15,800,000. De Lisle Partners LLP bought a new position in shares of Kingstone Companies during the second quarter worth about $5,799,000. Dimensional Fund Advisors LP grew its holdings in shares of Kingstone Companies by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 279,850 shares of the insurance provider's stock worth $4,077,000 after buying an additional 23,256 shares in the last quarter. Bleakley Financial Group LLC bought a new position in shares of Kingstone Companies during the first quarter worth about $2,941,000. Finally, Bank of New York Mellon Corp acquired a new stake in Kingstone Companies in the 2nd quarter valued at approximately $1,153,000. 14.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen upgraded Kingstone Companies from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Weiss Ratings raised Kingstone Companies from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Kingstone Companies Price Performance

Kingstone Companies stock opened at $20.04 on Monday. The company has a market cap of $290.18 million, a P/E ratio of 8.28 and a beta of 0.41. Kingstone Companies, Inc has a 1-year low of $13.83 and a 1-year high of $20.90. The company has a fifty day simple moving average of $19.23 and a 200 day simple moving average of $18.13. 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 issued its quarterly 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. Kingstone Companies had a net margin of 14.85% and a return on equity of 30.78%. The firm had revenue of $65.85 million for the quarter, compared to analyst estimates of $71.70 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Research analysts anticipate that Kingstone Companies, Inc will post 2.65 earnings per share for the current fiscal year.

Kingstone Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, November 11th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. Kingstone Companies's dividend payout ratio (DPR) is presently 9.92%.

About Kingstone Companies

Kingstone Companies, Inc is an insurance holding company that operates primarily through its subsidiary, Kingstone Insurance Company. The company focuses on property and casualty insurance for individuals and families, with an emphasis on personal lines coverage.

Its products have included homeowners, condominium, cooperative, renters, dwelling fire and personal umbrella insurance. These policies are designed to protect residential properties and personal assets against risks such as property damage, liability claims and other covered losses.

Kingstone serves customers through independent insurance agents and has historically concentrated its business in the Northeastern United States, particularly New York and other selected states in the region.

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