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

Key Points

• Kingstone Companies updated its FY 2025 earnings guidance, projecting earnings per share between 1.950-2.350, slightly lower than the consensus estimate of 2.060.
• The company reported $0.75 earnings per share for the most recent quarter, exceeding the consensus estimate of $0.55 by $0.20, and achieved a revenue of $59.80 million.
• Kingstone Companies declared a quarterly dividend of $0.05 per share, providing an annualized yield of 1.3%, with a payout ratio of 10.00%.

Kingstone Companies (NASDAQ:KINS - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.950-2.350 for the period, compared to the consensus earnings per share estimate of 2.060. The company issued revenue guidance of -.

Kingstone Companies Stock Up 1.6%

Shares of Kingstone Companies stock opened at $14.85 on Friday. Kingstone Companies has a twelve month low of $8.45 and a twelve month high of $22.40. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.05. The company's 50 day moving average is $14.53 and its 200 day moving average is $15.64. The company has a market cap of $209.98 million, a price-to-earnings ratio of 7.43 and a beta of 0.49.

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

Kingstone Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, August 11th. Kingstone Companies's payout ratio is currently 10.00%.

Hedge Funds Weigh In On Kingstone Companies

A number of institutional investors and hedge funds have recently made changes to their positions in KINS. NewEdge Advisors LLC grew its holdings in Kingstone Companies by 9.2% during the 1st quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider's stock valued at $287,000 after buying an additional 1,448 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Kingstone Companies by 2.5% during the second quarter. MML Investors Services LLC now owns 90,837 shares of the insurance provider's stock worth $1,400,000 after acquiring an additional 2,249 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Kingstone Companies by 25.0% during the second quarter. Corient Private Wealth LLC now owns 25,000 shares of the insurance provider's stock worth $385,000 after acquiring an additional 5,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Kingstone Companies during the second quarter valued at $93,000. Finally, Raymond James Financial Inc. increased its holdings in Kingstone Companies by 6.3% in the 2nd quarter. Raymond James Financial Inc. now owns 164,166 shares of the insurance provider's stock valued at $2,530,000 after acquiring an additional 9,704 shares during the last quarter. Hedge funds and other institutional investors own 14.91% of the company's stock.

About Kingstone Companies

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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