Kingstone Companies (NASDAQ:KINS) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Kingstone Companies (NASDAQ:KINS) has received a "hold (C+)" rating from Weiss Ratings, reflecting mixed analyst sentiment.
• The company reported earnings per share of $0.75 for the last quarter, exceeding estimates and demonstrating a strong net margin of 14.84%.
• Institutional investors have increased their holdings significantly, with Marshall Wace LLP boosting its stake by 16.8% in the latest quarter.

Kingstone Companies (NASDAQ:KINS - Get Free Report)'s stock had its "hold (c+)" rating restated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Kingstone Companies Trading Up 2.4%

Shares of NASDAQ:KINS opened at $14.75 on Wednesday. Kingstone Companies has a 52 week low of $8.56 and a 52 week high of $22.40. The company's 50 day moving average is $14.33 and its two-hundred day moving average is $15.61. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.05. The company has a market cap of $208.57 million, a PE ratio of 7.38 and a beta of 0.49.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Marshall Wace LLP boosted its holdings in shares of Kingstone Companies by 16.8% in the 2nd quarter. Marshall Wace LLP now owns 419,414 shares of the insurance provider's stock valued at $6,463,000 after buying an additional 60,439 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Kingstone Companies by 484.9% in the 1st quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider's stock valued at $4,759,000 after buying an additional 236,968 shares in the last quarter. De Lisle Partners LLP boosted its holdings in shares of Kingstone Companies by 179.5% in the 2nd quarter. De Lisle Partners LLP now owns 267,488 shares of the insurance provider's stock valued at $4,120,000 after buying an additional 171,778 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kingstone Companies by 130.9% in the 2nd quarter. Geode Capital Management LLC now owns 253,624 shares of the insurance provider's stock valued at $3,909,000 after buying an additional 143,806 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Kingstone Companies by 36.3% in the 2nd quarter. American Century Companies Inc. now owns 220,470 shares of the insurance provider's stock valued at $3,397,000 after buying an additional 58,661 shares in the last quarter. Institutional investors and hedge funds own 14.91% of the company's stock.

Kingstone Companies Company 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.

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