Royce & Associates LP Purchases Shares of 448,657 Kingstone Companies, Inc $KINS

Key Points

• Royce & Associates LP disclosed a new position in Kingstone Companies, buying 448,657 shares worth about $7.55 million and holding 3.17% of the insurer.
• Kingstone shares were down 3.4% to $15.35, and the company reported a quarterly EPS miss of ($0.35) versus estimates of ($0.26), along with revenue below expectations.
• The company recently paid a $0.05 quarterly dividend and launched a 1 million-share buyback program, while analysts currently rate the stock Hold overall.

Royce & Associates LP purchased a new stake in shares of Kingstone Companies, Inc (NASDAQ:KINS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 448,657 shares of the insurance provider's stock, valued at approximately $7,551,000. Royce & Associates LP owned 3.17% of Kingstone Companies as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in Kingstone Companies by 80.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider's stock valued at $34,000 after buying an additional 1,017 shares during the period. State of Alaska Department of Revenue purchased a new stake in Kingstone Companies during the 4th quarter valued at $45,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Kingstone Companies during the 2nd quarter valued at $93,000. Cetera Investment Advisers purchased a new stake in Kingstone Companies during the 2nd quarter valued at $163,000. Finally, Great Valley Advisor Group Inc. purchased a new stake in Kingstone Companies during the 2nd quarter valued at $186,000. Hedge funds and other institutional investors own 14.91% of the company's stock.

Kingstone Companies Stock Down 3.4%

Shares of NASDAQ KINS opened at $15.35 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.04. Kingstone Companies, Inc has a 12 month low of $13.08 and a 12 month high of $19.42. The firm has a market capitalization of $222.27 million, a PE ratio of 7.14 and a beta of 0.52. The firm has a fifty day simple moving average of $15.70 and a two-hundred day simple moving average of $15.78.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Kingstone Companies had a return on equity of 28.63% and a net margin of 13.86%.The company had revenue of $59.78 million during the quarter, compared to the consensus estimate of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Equities analysts expect that Kingstone Companies, Inc will post 2.6 earnings per share for the current year.

Kingstone Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, May 11th. Kingstone Companies's dividend payout ratio (DPR) is presently 9.30%.

Kingstone Companies declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 19th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KINS shares. Zacks Research raised shares of Kingstone Companies to a "hold" rating in a research report on Friday, February 6th. Weiss Ratings cut shares of Kingstone Companies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Kingstone Companies from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Kingstone Companies currently has a consensus rating of "Hold".

Insider Activity

In related news, Director William L. Yankus sold 13,500 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $18.00, for a total value of $243,000.00. Following the completion of the transaction, the director directly owned 84,972 shares in the company, valued at $1,529,496. This trade represents a 13.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Newgarden purchased 15,301 shares of the firm's stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $14.52 per share, with a total value of $222,170.52. Following the completion of the purchase, the director owned 70,165 shares in the company, valued at $1,018,795.80. This represents a 27.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 5.10% of the stock is owned by company insiders.

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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