Kingstone Companies (NASDAQ:KINS) Stock

Kingstone Companies

Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company. It offers insurance policies to small and mid-sized businesses as well as to individuals.

KINS


Momentum investors look for companies that are already on an upward trajectory in hopes that the trend will continue, while value investors seek out firms with fundamentals supporting a higher share price than currently

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INIS

The Dow Jones closed higher by close to 300 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Cue Biopharma And 2 Other Stocks Under $3 Insiders Are Buying

Kingstone Companies Inc

Kinsale Capital Group Inc

Asset Sales

Kingstone To Sell Headquarters Building With Pre-tax Gain Of $1.9M

<h3>Gainers</h3>
<ul>
<li>Lion Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares increased by 22.5% to $0.21 during Friday's pre-market session. The market value of their outstanding shares is at $5.1 million. </li>
<li>X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) shares increased by 14.32% to $8.3. The market value of their outstanding shares is at $393.5 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>Patriot Ntl Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) stock rose 9.99% to $1.98. The company's market cap stands at $7.8 million. </li>
<li>XChange Tec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) shares rose 9.74% to $1.69. The company's market cap stands at $190.3 million. </li>
<li>Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) shares rose 6.79% to $33.0. The company's market cap stands at $1.4 billion. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares rose 6.58% to $17.0. The market value of their outstanding shares is at $209.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Inter &amp; Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) stock decreased by 16.7% to $4.4 during Friday's pre-market session. The company's market cap stands at $1.9 billion. </li>
<li>Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) stock fell 15.67% to $26.82. The company's market cap stands at $1.7 billion. </li>
<li>XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) stock decreased by 9.37% to $13.55. The company's market cap stands at $7.2 billion. </li>
<li>Bank Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBDO#NYSE">BBDO</a>) stock fell 8.42% to $1.85. The market value of their outstanding shares is at $19.6 billion. </li>
<li>StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) shares fell 8.36% to $9.54. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) stock declined by 8.2% to $53.01. The company's market cap stands at $5.6 billion. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BBDO

BHLB

ESNT

INTR

LGHL

PNBK

STNE

12 Financials Stocks Moving In Friday's Pre-Market Session

Guidance
As previously announced, net income per share for 2024 and 2025 are expected to increase significantly, and we have raised our guidance for the last three consecutive quarters. Beginning with the second quarter of 2024, we began providing guidance using basic shares and followed that practice in the third quarter of 2024. We are providing additional context to net income per share guidance by disclosing these metrics, using both basic and fully diluted share counts, and will disclose both metrics going forward. Other than the inclusion of guidance as to net income per share - diluted, the below guidance is the same as what was included in last week's earnings press release.
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Guidance Metrics</td>
<td>2024E</td>
<td>2025E</td>
</tr>
<tr>
<td>Core Business1 direct premiums written growth2</td>
<td>25% to 35%</td>
<td>15% to 25%</td>
</tr>
<tr>
<td>Combined ratio</td>
<td>79% to 83%</td>
<td>82% to 86%</td>
</tr>
<tr>
<td>Net income per share - basic</td>
<td>$1.40 to $1.70</td>
<td>$1.60 to $2.00</td>
</tr>
<tr>
<td>Net income per share - diluted</td>
<td>$1.30 to $1.60</td>
<td>$1.45 to $1.85</td>
</tr>
<tr>
<td>Return on equity</td>
<td>32% to 26%</td>
<td>24% to 32%</td>
</tr>
</tbody>
</table>
</figure>
1Kingstone refers to New York business as its "Core" business and business outside of New York as its "Non-Core" business.
2Core direct premiums written is not based on GAAP. Direct premiums written represent the total premiums charged on policies issued by the Company during the respective fiscal period. Net premiums earned is the most directly comparable GAAP measure to direct premiums written. -
The following reflects the impact of dilution to total shares outstanding for the nine months ended September 30, 2024 and full-year 2024/2025 guidance:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>
Common Stock Metrics
(shares in millions)
</td>
<td>Nine Months Ended September 30, 2024</td>
<td>2024E</td>
<td>2025E</td>
</tr>
<tr>
<td>Weighted average shares outstanding - basic</td>
<td>11.1</td>
<td>11.6</td>
<td>12.5</td>
</tr>
<tr>
<td>Weighted average shares outstanding - diluted</td>
<td>12.3</td>
<td>12.3</td>
<td>13.4</td>
</tr>
<tr>
<td>Total shares outstanding as of end of period - basic</td>
<td>12.3</td>
<td>12.4</td>
<td>12.6</td>
</tr>
<tr>
<td>Total shares outstanding as of end of period - diluted</td>
<td>13.8</td>
<td>13.8</td>
<td>14.0</td>
</tr>
<tr>
<td colspan="4">All changes to total shares outstanding - basic and diluted assumed for 2024 and 2025 are primarily from the vesting of restricted shares pursuant to arrangements currently in effect and do not reflect any increases that may result from stock issuances in capital-raising transactions.</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Guidance

Kingstone Sees FY24 Diluted EPS $1.30-$1.60; FY25 Diluted EPS $1.45-$1.85

Earnings

ABOS

ABSI

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ACTG

AENT

AGEN

AIOT

AIRG

ALIT

ALTG

AMBC

AMPS

AMTX

APEI

AREB

ARIS

ARMN

ATRA

AUTL

Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

AVDL

AXSM

AZTA

BHIL

BLDE

BLFS

BLTE

The Beachbody Company, Inc. Class A Common Stock

BODI

BRTX

BTMD

BTTR

BWAY

BXSL

BZFD

CAMT

CART

CATX

CAVA

CBAT

CBLL

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CGEN

CHGG

CHMI

CLSD

CNNE

CRNX

CRON

CRVS

CRWS

CVAC

CXAI

DAVA

DAVE

DRCT

DYAI

EARN

EGAN

ELMD

ETON

EVCM

EVGO

EYEN

FENG

FGEN

FIHL

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FOUR

FTCI

GENI

GENK

GMGI

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GRDN

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GRVY

Earnings Scheduled For November 12, 2024

Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-11-12. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Kingstone Companies will report an earnings per share (EPS) of $0.21.
Anticipation surrounds Kingstone Companies's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Here's a look at Kingstone Companies's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>0</td>
<td>0</td>
<td>-0.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.43</td>
<td>0.07</td>
<td>0.15</td>
<td>-0.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>12.0%</td>
<td>15.0%</td>
<td>14.000000000000002%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<h3>Performance of Kingstone Companies Shares</h3>
Shares of Kingstone Companies were trading at $11.59 as of November 08. Over the last 52-week period, shares are up 432.03%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/KINS/earnings">To track all earnings releases for Kingstone Companies visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Kingstone Companies's Earnings

Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.21 by 138.1 percent. This is a 285.19 percent increase over losses of $(0.27) per share from the same period last year. The company reported quarterly sales of $33.41 million which missed the analyst consensus estimate of $39.40 million by 15.21 percent. This is a 19.57 percent increase over sales of $27.94 million the same period last year.

Earnings Beats

Earnings Misses

Kingstone Companies Q3 EPS $0.50 Beats $0.21 Estimate, Sales $33.41M Miss $39.40M Estimate

Kingstone Reduces Debt By 25%; Extends Maturity To June 2026

Kingstone Companies, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, announced today that Barry Goldstein, its long-time Chairman of the Board of Directors, will retire effective Tuesday, September 10, 2024. Thomas Newgarden, who joined the Company's board earlier this year, will become Kingstone's Non-Executive Chairman concurrent with Mr. Goldstein's departure.
Mr. Goldstein has served as the Company's Chairman of the Board since March 2001 and served as its Chief Executive Officer from March 2001 to December 2018 and from July 2019 to September 2023. He has been the Chairman of Kingstone Insurance Company, the Company's operating insurance company subsidiary, for the past eighteen years.

Management

Kingstone Chairman Barry Goldstein Announces His Retirement, Effective September 10, 2024; Thomas Newgarden Will Become Non-Executive Chairman

WIIM

Kingstone Companies shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and a year-over-year increase in Q2 revenue results.

Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.39 by 10.26 percent. The company reported $30.303 million in sales this quarter. This is a 2.69 percent increase over sales of $29.508 million the same period last year.

Kingstone Companies Q2 2024 Adj. EPS $0.43 Beats $0.39 Estimate, Sales $30.303M Up From $29.508M YoY

Options

Kingstone Shares Trading Higher, October Monthly $5 Calls Active

Kingstone Companies Shares Resume Trade

Kingstone Companies Shares Halted On Circuit Breaker To The Upside

Kingstone Companies Highlights Significant Market Opportunity, Strong Growth Prospects, And Increased Guidance; Expects Q2 2024 Direct Written Premium Growth Of +21.5%, Core Personal Lines Growth Of +24.3%, Third Consecutive Quarter Of Profitability, And Management Confidence In Operations And Strategy

Janney Montgomery Scott analyst Robert Farnam initiates coverage on Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) with a Buy rating and announces Price Target of $6.5.

Price Target

Initiation

Analyst Ratings

Janney Montgomery Scott Initiates Coverage On Kingstone Companies with Buy Rating, Announces Price Target of $6.5

Kingstone Companies, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that it has entered into an agreement with ClaimTouch Analytics Inc. ("ClaimTouch"), a pioneering technology company, to leverage artificial intelligence ("AI"), machine learning, and big data in identifying leakage and optimizing the settlement process for content claims.

Kingstone Insurance And ClaimTouch Announces Agreement To Enhance Contents Claims Management

Kingstone Sees FY24 EPS $0.76-$1.10 Vs $(0.420) Est.

Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $(0.38) by 118.42 percent. The company reported quarterly sales of $28.820 million which beat the analyst consensus estimate of $26.178 million by 10.09 percent. This is a 2.00 percent increase over sales of $28.255 million the same period last year.

Kingstone Companies Q1 2024 Adj EPS $0.07 Beats $(0.38) Estimate, Sales $28.820M Beat $26.178M Estimate

Kingstone Companies Sees Prelim. Q1 2024 Net Premiums Earned $28.8M, Up 2.0% YoY; Net Premiums Earned From Non-Core Business Down 49% From $4.5M To $2.3M YoY

Kingstone shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results.

Press Releases

Kingstone Reports Double-Digit Premium Growth in Core Business and Third Consecutive Quarter of Net Income

Kingstone Chairman Barry Goldstein Announces His Retirement

Kingstone Reduces Debt By 25% and Extends Maturity to June 2026

Events

The MicroCap Rodeo Fall Conference to Host Executive Teams of 19 Companies on October 16th in NYC

Kingstone Announces Record Operating Profitability and Growth and Schedules Third Quarter 2024 Conference Call

Kingstone Reports Record Profitability and Growth

Kingstone Letter from the CEO: Additional Detail for 2024 and 2025 Financial Guidance

Contracts

Kingstone Insurance Partners with Earnix to Improve Pricing Sophistication and Speed to Market

Kingstone CEO Year-end Letter to Stockholders: Driving Growth and Increased Profitability

Kingstone Announces Agreement to Sell Headquarters Building with Pre-tax Gain of $1.9 Million

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