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Kingstone Companies
(NASDAQ:KINS)
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Rating:75Outperform
Price Target:
$22.50
▲(11.61% Upside)
Action:Reiterated
Date:10/24/26
KINS scores well primarily on improved financial performance (profitability rebound and stronger balance sheet) and an attractive valuation (low P/E). Technicals are supportive with price above key moving averages, though near-term overbought risk is present. The earnings call reinforced momentum via reaffirmed guidance and strengthened reinsurance, while competitive and catastrophe-related volatility remain key risks.
Positive Factors
Premium and Policy Growth
Strong premium and policy growth indicates expanding customer reach and distribution effectiveness. Higher retention, renewal pricing, and new-business momentum can support durable revenue growth, while increasing scale may improve operating leverage and strengthen Kingstone’s regional market position.
Negative Factors
Catastrophe Exposure
Catastrophe losses can materially disrupt underwriting profitability and earnings even when normal operations are strong. The sharp year-over-year impact shows Kingstone remains exposed to weather-driven volatility, creating ongoing uncertainty around capital generation and annual margin sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Premium and Policy Growth
Strong premium and policy growth indicates expanding customer reach and distribution effectiveness. Higher retention, renewal pricing, and new-business momentum can support durable revenue growth, while increasing scale may improve operating leverage and strengthen Kingstone’s regional market position.
Read all positive factors
Kingstone Companies (KINS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$290.10M
Dividend Yield1.05%
Average Volume (3M)86.29K
Price to Earnings (P/E)8.1
Beta (1Y)0.53
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. Volume71,039
30 Day Avg. Volume86,293
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 Cap0.98
Enterprise Value/Revenue1.28
Enterprise Value/Gross Profit2.12
Enterprise Value/Ebitda5.99
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.65
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. Underwriting income is generated when the premiums collected on insurance policies exceed the total cost of claims and claim-adjustment expenses, policy acq...
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 | 133.29M | 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
20.16
Price Trends
19.23
Positive
18.90
Positive
17.29
Positive
Market Momentum
0.20
Negative
63.40
Neutral
92.71
Negative
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 20.16 is above the 20-day moving average (MA) of 18.74, above the 50-day MA of 19.23, and above the 200-day MA of 17.29, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 63.40 is Neutral, neither overbought nor oversold. The STOCH value of 92.71 is Negative, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $290.10M | 8.08 | 0.11% | 1.05% | 34.04% | 15.59% | |
69 Neutral | $353.28M | 10.22 | 0.02% | 5.80% | 3.83% | 18.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $727.42M | 9.55 | 11.01% | 3.99% | -3.10% | -18.44% | |
61 Neutral | $536.98M | 5.33 | 30.43% | 6.59% | 3.29% | 21.74% | |
54 Neutral | $304.03M | 39.52 | 3.18% | ― | -13.85% | 354.69% |
* Financial Sector Average
KINS
Kingstone Companies
20.04
5.24
35.41%
DGICA
Donegal Group
18.82
0.32
1.73%
GBLI
Global Indemnity
24.13
-3.21
-11.74%
ACIC
American Coastal Insurance
11.08
-0.02
-0.17%
NODK
NI Holdings
14.90
1.43
10.62%
Kingstone Companies Corporate Events
Business Operations and StrategyDividends
Kingstone Companies Extends Higher Quarterly Dividend Program
Positive
Oct 23, 2026
On October 23, 2026, Kingstone Companies, Inc. announced that its Board of Directors had declared a quarterly cash dividend of $0.06 per share of common stock. The dividend was scheduled to be paid on November 25, 2026 to stockholders of record as...
Financial Disclosures
Kingstone Companies Announces Upcoming Third-Quarter Earnings Release
Neutral
Oct 16, 2026
Kingstone Companies, Inc., a regional property and casualty insurer with a growing footprint beyond New York into Connecticut and California, delivers tailored homeowners coverage through its Select product suite and relies on retail and wholesale...
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...
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.