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Kingstone Companies
(NASDAQ:KINS)
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Rating:72Outperform
Price Target:
$21.00
▲(5.47% Upside)
Action:Reiterated
Date:08/08/26
Overall score is driven by improved financial performance and a strong balance sheet position, supported by reaffirmed guidance and positive operating commentary from the latest earnings call. Valuation is attractive (low P/E with a dividend), while technicals are only moderate due to near-term weakness versus the 20-day average despite a still-positive longer-term trend.
Positive Factors
Conservative balance sheet and low leverage
Very low leverage and a conservatively positioned balance sheet provide durable downside protection for an insurer, allowing the company to absorb underwriting volatility and fund catastrophe retentions, reinsurance, buybacks and dividends without forcing dilutive capital actions, supporting long-term financial flexibility.
Negative Factors
Elevated catastrophe volatility and seasonality
Material catastrophe losses drove large combined ratio swings in the period, evidencing persistent earnings volatility inherent to personal lines P&C. Even with stronger reinsurance, residual retentions and seasonality (hurricane season) can cause multiyear capital and earnings variability that constrains predictable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Very low leverage and a conservatively positioned balance sheet provide durable downside protection for an insurer, allowing the company to absorb underwriting volatility and fund catastrophe retentions, reinsurance, buybacks and dividends without forcing dilutive capital actions, supporting long-term financial flexibility.
Read all positive factors
Kingstone Companies (KINS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$286.77M
Dividend Yield1.07%
Average Volume (3M)141.78K
Price to Earnings (P/E)7.9
Beta (1Y)0.49
Revenue Growth34.04%
EPS Growth15.59%
CountryUS
Employees113
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)2.48
Shares Outstanding14,476,133
10 Day Avg. Volume123,555
30 Day Avg. Volume141,778
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.91
Price to Sales (P/S)1.18
P/FCF Ratio3.21
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.6
Revenue Forecast (FY)$328.90M
Kingstone Companies Business Overview & Revenue Model
Company Description
Kingstone Companies, Inc., through its operating entity Kingstone Insurance Company, focuses on delivering property and casualty insurance to individual clients across New York. The firm's product range encompasses various personal lines, includin...
How the Company Makes Money
Kingstone makes money primarily through (1) underwriting income and (2) investment income on its insurance float. Underwriting income is generated by collecting insurance premiums from policyholders in exchange for assuming insured risks, then pay...
Kingstone Companies Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presented a strong set of operating and financial achievements — a record profitable quarter, double-digit premium growth, improved expense metrics, higher investment income, stronger book value and enhanced reinsurance — while acknowledging manageable near‑term headwinds: a softening market, rising competition (especially in dwelling fire and evolving California dynamics), higher underlying loss ratios versus an exceptional prior quarter, and elevated first-half catastrophe losses. Management emphasized disciplined underwriting, conservative reinsurance retentions, and measured geographic expansion, and they reaffirmed full-year guidance.Positive Updates
Record Quarter Profitability
Net income of $15.5 million (vs. $11.3M prior year); diluted EPS $1.05, up 35% year-over-year; annualized GAAP return on equity of 50.8% for the quarter — the most profitable quarter in company history.
Negative Updates
Signs of Market Softening and Rising Competition
Management noted an increasingly competitive environment and signs of a softening market, most visible in the dwelling fire line; July saw a tick down in new business for dwelling fire and expectation that New York growth will moderate in the second half as competition increases.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarter Profitability
Net income of $15.5 million (vs. $11.3M prior year); diluted EPS $1.05, up 35% year-over-year; annualized GAAP return on equity of 50.8% for the quarter — the most profitable quarter in company history.
Read all positive updates
Company Guidance
Kingstone reaffirmed its full‑year 2026 guidance, targeting direct premiums written growth of 16%–20%, a GAAP net combined ratio of 81%–86% (underlying combined ratio 74%–76%) and a catastrophe loss ratio of 7%–10%, and expecting diluted net income per share of $2.20–$2.90 and an annual ROE of 24%–30% (modeling assumptions: 21% effective tax rate and 14.8 million weighted average diluted shares). The company also noted capital and reinsurance protections that support that outlook: total catastrophe protection increased 14% to $500 million, wildfire coverage was added, the risk‑adjusted cost of core catastrophe excess‑of‑loss coverage was reduced by >15%, and first‑event retentions remain low (wildfire $3.5M, named storm $4.75M, winter/SCS $6.0M). Management reiterated its plan to grow New York while scaling California and launching Connecticut, pursue a $500 million DWP target by year‑end 2029, and drive further operating leverage (aiming to trim the expense ratio about 1 point toward ~29%).Kingstone Companies Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 222.03M | 199.19M | 155.14M | 144.19M | 130.16M | 161.23M |
| Gross Profit | 131.76M | 114.93M | 58.58M | 27.98M | 7.19M | 26.14M |
| EBITDA | 47.27M | 54.05M | 29.25M | -389.56K | -22.62M | -4.29M |
| Net Income | 35.29M | 40.77M | 18.36M | -6.17M | -22.52M | -7.38M |
Balance Sheet | ||||||
| Total Assets | 477.93B | 453.43M | 374.92M | 317.63M | 320.33M | 331.31M |
| Cash, Cash Equivalents and Short-Term Investments | 330.85B | 301.22M | 28.67M | 157.90M | 166.67M | 182.37M |
| Total Debt | 3.80B | 4.44M | 11.17M | 25.24M | 25.16M | 29.82M |
| Total Liabilities | 348.77B | 330.69M | 308.21M | 283.13M | 284.16M | 255.64M |
| Stockholders Equity | 129.16B | 122.73M | 66.71M | 34.50M | 36.17M | 75.67M |
Cash Flow | ||||||
| Free Cash Flow | 83.08M | 73.05M | 55.61M | -13.15M | -5.47M | 19.85M |
| Operating Cash Flow | 86.19M | 75.86M | 57.95M | -11.33M | -915.52K | 24.35M |
| Investing Cash Flow | -98.33M | -92.86M | -35.26M | 9.46M | -5.91M | -15.95M |
| Financing Cash Flow | -4.65M | 506.07K | -2.99M | -1.12M | -5.51M | -3.57M |
Kingstone Companies Technical Analysis
Positive
19.91
Price Trends
19.02
Positive
17.38
Positive
16.45
Positive
Market Momentum
0.14
Positive
50.95
Neutral
59.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KINS, the sentiment is Positive. The current price of 19.91 is above the 20-day moving average (MA) of 19.82, above the 50-day MA of 19.02, and above the 200-day MA of 16.45, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 50.95 is Neutral, neither overbought nor oversold. The STOCH value of 59.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KINS.
Kingstone Companies Risk Analysis
Kingstone Companies disclosed 29 risk factors in its most recent earnings report. Kingstone Companies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kingstone Companies Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $286.77M | 7.91 | 0.11% | 1.00% | 34.04% | 15.59% | |
71 Outperform | $713.80M | 9.48 | 11.01% | 3.94% | -3.10% | -18.44% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $457.99M | 4.43 | 30.43% | ― | 3.29% | 21.74% | |
59 Neutral | $397.93M | 11.53 | 4.33% | 5.19% | 3.83% | 18.23% | |
54 Neutral | $307.30M | 40.54 | 3.18% | ― | -13.85% | 354.69% |
* Financial Sector Average
KINS
Kingstone Companies
19.62
5.94
43.39%
DGICA
Donegal Group
18.67
1.78
10.56%
GBLI
Global Indemnity
27.22
-0.97
-3.44%
ACIC
American Coastal Insurance
9.21
-1.01
-9.92%
NODK
NI Holdings
15.29
2.46
19.13%
Kingstone Companies Corporate Events
Executive/Board ChangesShareholder Meetings
Kingstone Shareholders Back Directors, Auditor and Pay Practices
Positive
Aug 7, 2026
At its August 5, 2026 annual meeting of stockholders, Kingstone Companies shareholders elected all nominated directors, including Meryl S. Golden and Thomas Newgarden, with strong majorities, reinforcing the current leadership and governance struc...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Kingstone Reports Record Quarterly Profit and Dividend Increase
Positive
Aug 6, 2026
On August 6, 2026, Kingstone reported the most profitable quarter in its history for the three months ended June 30, 2026, posting record net income of $15.5 million and diluted earnings per share of $1.05. Net premiums earned rose 31%, direct pre...
Business Operations and StrategyStock BuybackDividends
Kingstone Companies Boosts Quarterly Dividend, Signals Confidence
Positive
Jul 23, 2026
On July 23, 2026, Kingstone Companies, Inc. announced that its Board of Directors approved a 20% increase in the regular quarterly cash dividend to $0.06 per share, up from $0.05, payable on August 26, 2026 to shareholders of record as of August 1...
Business Operations and StrategyFinancial Disclosures
Kingstone Companies Schedules Q2 2026 Earnings Release
Positive
Jul 17, 2026
On July 16, 2026, Kingstone Companies, Inc. announced plans to release its financial results for the second quarter ended June 30, 2026 after the market closes on August 6, 2026. Management will follow with a conference call on August 7, 2026 at 8...
Business Operations and StrategyStock Buyback
Kingstone Companies Announces New Share Repurchase Program
Positive
May 20, 2026
On May 19, 2026, Kingstone Companies, Inc. announced that its board had authorized a share repurchase program of up to 1,000,000 shares of common stock, equal to about 6.9% of shares outstanding as of March 31, 2026, to be conducted over the next ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.