LPL Financial LLC Boosts Stake in Kingstone Companies, Inc $KINS

LPL Financial LLC raised its holdings in Kingstone Companies, Inc (NASDAQ:KINS) by 62.8% during the first quarter, Holdings Channel.com reports. The firm owned 118,436 shares of the insurance provider’s stock after purchasing an additional 45,686 shares during the period. LPL Financial LLC’s holdings in Kingstone Companies were worth $1,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KINS. Marshall Wace LLP raised its holdings in shares of Kingstone Companies by 223.5% in the 4th quarter. Marshall Wace LLP now owns 282,181 shares of the insurance provider’s stock valued at $4,286,000 after buying an additional 194,952 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Kingstone Companies during the 4th quarter worth about $2,371,000. Palisades Investment Partners LLC acquired a new position in shares of Kingstone Companies during the 4th quarter worth about $913,000. 683 Capital Management LLC acquired a new stake in shares of Kingstone Companies in the 4th quarter valued at about $768,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Kingstone Companies in the 4th quarter valued at about $454,000. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

NASDAQ KINS opened at $13.66 on Thursday. Kingstone Companies, Inc has a 1-year low of $8.11 and a 1-year high of $22.40. The company has a market capitalization of $193.15 million, a P/E ratio of 6.83 and a beta of 0.52. The business has a 50 day moving average price of $15.24 and a 200 day moving average price of $16.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.46 and a quick ratio of 0.47.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data 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. The firm had revenue of $59.80 million during the quarter, compared to the consensus estimate 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. Sell-side analysts expect that Kingstone Companies, Inc will post 1.4 EPS for the current fiscal year.

Kingstone Companies Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 11th. Kingstone Companies’s payout ratio is currently 10.00%.

Insider Activity at Kingstone Companies

In other Kingstone Companies news, Director Thomas Newgarden acquired 12,500 shares of the stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $16.77 per share, with a total value of $209,625.00. Following the completion of the transaction, the director directly owned 51,715 shares in the company, valued at approximately $867,260.55. This trade represents a 31.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 5.10% of the stock is currently owned by corporate insiders.

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.