Kingstone Companies (NASDAQ:KINS) Releases FY 2025 Earnings Guidance

Key Points

• Kingstone Companies updated its FY 2025 earnings guidance, projecting an EPS of 1.950-2.35, which is above the consensus estimate of 2.000.
• The company's stock price rose to $16.20 during trading, with a market capitalization of approximately $226.96 million.
• Recent institutional investments included a 484.9% increase in holdings by Millennium Management LLC and a 62.2% growth by Goldman Sachs Group Inc. during the first quarter.

Kingstone Companies (NASDAQ:KINS - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.950-2.35 for the period, compared to the consensus EPS estimate of 2.000. The company issued revenue guidance of -.

Kingstone Companies Stock Up 5.4%

Shares of KINS traded up $0.82 during midday trading on Monday, hitting $15.84. The stock had a trading volume of 115,445 shares, compared to its average volume of 310,656. The company has a 50 day simple moving average of $15.35 and a two-hundred day simple moving average of $16.24. Kingstone Companies has a twelve month low of $7.13 and a twelve month high of $22.40. The firm has a market cap of $221.85 million, a price-to-earnings ratio of 7.91 and a beta of 0.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.47 and a quick ratio of 0.47.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its earnings results on Thursday, August 7th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.20. Kingstone Companies had a return on equity of 36.24% and a net margin of 14.84%. The business had revenue of $59.80 million for the quarter, compared to the consensus estimate of $45.20 million. On average, analysts anticipate that Kingstone Companies will post 1.4 EPS for the current year.

Kingstone Companies Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, August 11th.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Kingstone Companies news, Director Thomas Newgarden bought 12,500 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average cost of $16.77 per share, for a total transaction of $209,625.00. Following the completion of the purchase, the director directly owned 51,715 shares of the company's stock, valued at approximately $867,260.55. This trade represents a 31.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in Kingstone Companies in the second quarter valued at $163,000. Geode Capital Management LLC lifted its position in 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 acquiring an additional 143,806 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Kingstone Companies during the 1st quarter worth approximately $495,000. Goldman Sachs Group Inc. lifted its position in shares of Kingstone Companies by 62.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 65,392 shares of the insurance provider's stock worth $1,089,000 after buying an additional 25,074 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Kingstone Companies by 9.2% during the 1st quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider's stock worth $287,000 after buying an additional 1,448 shares in the last quarter. 14.91% of the stock is currently owned by institutional investors and hedge funds.

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.