Kingstone Companies, Inc $KINS Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Kingstone Companies by 62.8%, now owning approximately 0.86% of the company, valued at about $1.97 million.
• Kingstone Companies reported quarterly earnings of $0.75 EPS, surpassing estimates of $0.55 and achieving revenue of $59.8 million against an expected $45.2 million.
• Wall Street Zen downgraded Kingstone Companies from a "buy" to a "hold" rating, indicating a shift in analyst sentiment towards the stock.

LPL Financial LLC lifted its holdings in Kingstone Companies, Inc (NASDAQ:KINS - Free Report) by 62.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,436 shares of the insurance provider's stock after purchasing an additional 45,686 shares during the quarter. LPL Financial LLC owned about 0.86% of Kingstone Companies worth $1,972,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Palisades Investment Partners LLC boosted its position in shares of Kingstone Companies by 1.8% in the 1st quarter. Palisades Investment Partners LLC now owns 61,205 shares of the insurance provider's stock worth $1,019,000 after purchasing an additional 1,080 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Kingstone Companies during the 1st quarter worth about $271,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Kingstone Companies during the 1st quarter worth about $39,000. Squarepoint Ops LLC acquired a new stake in Kingstone Companies during the 4th quarter worth about $331,000. Finally, State of Wyoming acquired a new stake in Kingstone Companies during the 4th quarter worth about $103,000. Institutional investors and hedge funds own 14.91% of the company's stock.

Wall Street Analysts Forecast Growth

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

Kingstone Companies Stock Performance

Shares of KINS stock traded down $0.05 on Tuesday, hitting $13.54. The company had a trading volume of 138,912 shares, compared to its average volume of 249,860. The firm has a market cap of $191.46 million, a P/E ratio of 6.77 and a beta of 0.52. The company has a 50-day moving average price of $15.15 and a 200-day moving average price of $16.05. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.05. Kingstone Companies, Inc has a twelve month low of $8.25 and a twelve month high of $22.40.

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

Kingstone Companies Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 11th. Kingstone Companies's payout ratio is 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.