Goldman Sachs Group Inc. Has $1.09 Million Holdings in Kingstone Companies, Inc $KINS

Goldman Sachs Group Inc. boosted its stake in Kingstone Companies, Inc (NASDAQ:KINS) by 62.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,392 shares of the insurance provider’s stock after buying an additional 25,074 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.47% of Kingstone Companies worth $1,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in Kingstone Companies by 484.9% in the 1st quarter. Millennium Management LLC now owns 285,834 shares of the insurance provider’s stock worth $4,759,000 after acquiring an additional 236,968 shares during the last quarter. American Century Companies Inc. grew its position in Kingstone Companies by 89.6% in the first quarter. American Century Companies Inc. now owns 161,809 shares of the insurance provider’s stock worth $2,694,000 after acquiring an additional 76,451 shares in the last quarter. LPL Financial LLC boosted its stake in Kingstone Companies by 62.8% in the first quarter. LPL Financial LLC now owns 118,436 shares of the insurance provider’s stock worth $1,972,000 after buying an additional 45,686 shares in the last quarter. De Lisle Partners LLP boosted its stake in shares of Kingstone Companies by 139.3% during the first quarter. De Lisle Partners LLP now owns 95,710 shares of the insurance provider’s stock valued at $1,593,000 after purchasing an additional 55,710 shares during the period. Finally, Palisades Investment Partners LLC boosted its holdings in shares of Kingstone Companies by 1.8% during the first quarter. Palisades Investment Partners LLC now owns 61,205 shares of the insurance provider’s stock worth $1,019,000 after purchasing an additional 1,080 shares during the period. Hedge funds and other institutional investors own 14.91% of the company’s stock.

Kingstone Companies Stock Performance

Kingstone Companies stock opened at $13.69 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $14.58 and a 200-day moving average of $15.66. The firm has a market cap of $193.58 million, a P/E ratio of 6.85 and a beta of 0.49. Kingstone Companies, Inc has a 1-year low of $8.36 and a 1-year high of $22.40.

Kingstone Companies (NASDAQ:KINS) last posted its earnings results on Thursday, August 7th. The insurance provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. Kingstone Companies had a net margin of 14.84% and a return on equity of 33.21%. The company had revenue of $59.80 million during the quarter, compared to analyst estimates of $45.20 million. 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 year.

Kingstone Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a $0.05 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.20 annualized dividend and a yield of 1.5%. Kingstone Companies’s dividend payout ratio (DPR) is 10.00%.

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.