Kingstone Companies (KINS) AI Stock Analysis

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Kingstone Companies

(NASDAQ:KINS)

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Outperform 77 (OpenAI - 4o)

Rating:77Outperform

Price Target:

$16.50

▲(10.89% Upside)

Kingstone Companies receives a strong overall score due to its impressive earnings call results, attractive valuation, and solid financial performance. The company's strategic growth plans and reinstatement of dividends add to its appeal. Technical indicators suggest a neutral trend, which slightly tempers the overall score.

Kingstone Companies (KINS) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$205.32M

Dividend Yield0.35%

Average Volume (3M)139.78K

Price to Earnings (P/E)7.2

Beta (1Y)0.57

Revenue Growth35.68%

EPS Growth342.66%

CountryUS

Employees99

SectorFinancial

Sector Strength70

IndustryInsurance - Property & Casualty

Share Statistics

EPS (TTM)0.75

Shares Outstanding14,140,604

10 Day Avg. Volume133,590

30 Day Avg. Volume139,785

Financial Highlights & Ratios

PEG Ratio-0.02

Price to Book (P/B)2.61

Price to Sales (P/S)1.12

P/FCF Ratio3.14

Enterprise Value/Market Cap1.11

Enterprise Value/Revenue1.26

Enterprise Value/Gross Profit1.24

Enterprise Value/Ebitda5.91

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

Kingstone Companies Business Overview & Revenue Model

Company DescriptionKingstone Companies, Inc. (KINS) is a property and casualty insurance company based in the United States. The company primarily operates in the insurance sector, offering a range of insurance products including homeowners, commercial auto, and general liability insurance. Kingstone focuses on providing coverage tailored to the needs of its clients, with a strong emphasis on underserved markets, particularly in disaster-prone areas. Through its subsidiaries, Kingstone underwrites insurance policies and manages risk to support its customers' needs.

How the Company Makes MoneyKingstone Companies generates revenue primarily through the underwriting of insurance policies. The company collects premiums from policyholders, which constitute its main revenue stream. Additionally, Kingstone earns investment income from the investment of the premiums it collects, which is a significant aspect of its financial performance. The company also engages in reinsurance arrangements to manage its risk exposure, which can influence its overall profitability. Furthermore, strategic partnerships with agents and brokers enhance its distribution capabilities, allowing Kingstone to reach a broader customer base and drive premium growth. The combination of premium income, investment returns, and effective risk management practices are critical to the company's earnings.

Kingstone Companies Earnings Call Summary

Earnings Call Date:Aug 07, 2025

(Q2-2025)

% Change Since: |

Next Earnings Date:Nov 06, 2025

Earnings Call Sentiment Positive

The earnings call reflected a strong and positive quarter for Kingstone, marked by record-breaking profitability, significant growth in core business, and strategic expansion plans. While there were minor concerns such as an increase in the expense ratio and adjusted expectations for the AmGuard transaction, the overall outlook remains optimistic with substantial achievements and forward-looking strategies in place.

Q2-2025 Updates

Positive Updates

Record-Breaking Profitability

Kingstone posted the most profitable quarter in its history with $11.3 million in net income, a 150% increase compared to the prior year quarter. The combined ratio was 71.5% and net premiums earned increased by 52% over last year.

Significant Growth in Core Business

Direct written premium grew 14% for the quarter with 17% growth in core business, partially offset by a 42% reduction in noncore business. Core policies in force were up 11% from the prior year quarter.

Improved Loss Ratios

The non-cat loss ratio improved by 8.4 percentage points to 38.7%, driven by a reduction in property frequency. Homeowners frequency was down 29% for the quarter.

Reinstatement of Dividend

Kingstone reinstated its quarterly dividend, reflecting a strong capital position and confidence in future growth.

Expansion and Strategic Plans

Kingstone announced a 5-year goal to double its size to $0.5 billion in written premium, with plans for geographic expansion into new states starting in 2026.

Negative Updates

Expense Ratio Increase

The expense ratio was up 1.5 percentage points in the quarter to 32.7%, driven by lower ceding commission on the primary quota share treaty.

AmGuard Transaction Premium Estimate Adjusted

The first 12-month premium estimate from the AmGuard transaction was reduced to $12 million due to a better understanding of rate levels, affecting initial conversion expectations.

Company Guidance

In the recent earnings call for Kingstone Company, several key metrics and guidance updates were provided by CEO Meryl Golden. The company reported its most profitable quarter in history, with a net income of $11.3 million, marking a 150% increase from the previous year. This translated to diluted earnings per share of $0.78 and an annualized return on equity of 50.8%. The combined ratio improved to 71.5%, down 6.7 percentage points from the previous year, while net premiums earned increased by 52%. The company achieved a 14% growth in direct written premiums, with a notable 17% growth in its core business, offset by a 42% reduction in noncore segments. Additionally, Kingstone's non-cat loss ratio improved by 8.4 percentage points to 38.7%. Looking forward, the company updated its guidance, projecting direct written premium growth between 15% and 20% and a GAAP net combined ratio between 79% and 83%. They anticipate basic earnings per share to be between $2.10 and $2.50, with a return on equity ranging from 30% to 38%. The strategic expansion into new states is part of a five-year plan to double the company's size to $0.5 billion in written premium, while maintaining a focus on catastrophe-exposed properties.

Kingstone Companies Financial Statement Overview

Summary

Kingstone Companies shows strong revenue growth and improved profitability with a net profit margin of 12.3%. However, historical volatility in EBIT margin and equity ratio indicates some operational challenges and potential limitations in asset-backed equity.

Income Statement

Positive

Kingstone Companies shows a strong recovery with TTM (Trailing-Twelve-Months) revenue growth of 9.5% and a net profit margin of 12.3%, reflecting improved profitability. However, historical volatility in EBIT margin indicates some operational challenges.

Balance Sheet

Positive

The balance sheet shows a moderate debt-to-equity ratio of 0.07, suggesting low leverage. However, the equity ratio stands at 21.3%, highlighting potential limitations in asset-backed equity, though improved from previous years.

Cash Flow

Positive

Significant improvement in cash flow with a substantial free cash flow growth rate and an operating cash flow to net income ratio of 860.5, indicating robust cash generation. However, past volatility raises caution for sustainable cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	180.74M	155.14M	144.19M	130.16M	161.23M	131.37M
Gross Profit	183.70M	155.14M	144.19M	41.77M	59.26M	131.37M
EBITDA	38.40M	29.25M	-389.56K	-24.64M	-6.12M	1.58M
Net Income	27.55M	18.36M	-6.17M	-22.52M	-7.38M	972.39K
Balance Sheet
Total Assets	393.42M	374.92M	317.63M	320.33M	331.31M	317.58M
Cash, Cash Equivalents and Short-Term Investments	251.39B	28.67M	8.98M	166.67M	182.37M	177.01M
Total Debt	5.06M	11.17M	25.29M	25.16M	29.82M	29.65M
Total Liabilities	298.54M	308.21M	283.13M	284.16M	255.64M	224.78M
Stockholders Equity	94.88M	66.71M	34.50M	36.17M	75.67M	92.80M
Cash Flow
Free Cash Flow	17.91B	55.61M	-13.15M	-5.47M	19.85M	-13.56M
Operating Cash Flow	71.86M	57.95M	-11.33M	-915.52K	24.35M	-10.23M
Investing Cash Flow	-50.16M	-35.26M	9.46M	-5.91M	-15.95M	581.29K
Financing Cash Flow	-158.77K	-2.99M	-1.12M	-5.51M	-3.57M	-3.27M

Kingstone Companies Technical Analysis

Technical Analysis Sentiment

Negative

Last Price14.88

Price Trends

50DMA

14.23

Positive

100DMA

14.72

Negative

200DMA

15.62

Negative

Market Momentum

MACD

0.09

Positive

RSI

46.98

Neutral

STOCH

14.34

Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KINS, the sentiment is Negative. The current price of 14.88 is above the 20-day moving average (MA) of 14.72, above the 50-day MA of 14.23, and below the 200-day MA of 15.62, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 46.98 is Neutral, neither overbought nor oversold. The STOCH value of 14.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KINS.

Kingstone Companies Risk Analysis

Kingstone Companies disclosed 31 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

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KINS	―	$205.32M	7.21	40.61%	0.35%	35.68%	342.66%
DGICA	―	$652.52M	7.80	15.20%	3.86%	3.40%	978.24%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GBLI	―	$419.06M	14.54	4.13%	4.78%	-3.71%	-21.68%
ACIC	―	$572.02M	7.11	31.54%	―	23.68%	16.14%
CNFR	―	―	―	―	―	―	―
NODK	―	$273.12M	181.21	0.65%	―	-15.27%	-65.08%

* Financial Sector Average

Performance Comparison

KINS

Kingstone Companies

14.45

4.05

38.94%

DGICA

Donegal Group

18.38

3.71

25.29%

GBLI

Global Indemnity

29.31

-3.29

-10.09%

ACIC

American Coastal Insurance

11.73

-0.11

-0.93%

CNFR

―

1.62

0.44

37.29%

NODK

NI Holdings

13.34

-2.26

-14.49%

Kingstone Companies Corporate Events

Regulatory Filings and Compliance

Kingstone Companies Issues Regulation FD Disclosure

Neutral

Oct 17, 2025

The press release from Kingstone Companies does not provide specific information about the company’s industry, primary products, or market focus. The release indicates that the information is being furnished, not filed, and is not intended to be considered material or complete for investment decisions. This suggests that the company is cautious about the implications of the information shared and does not want it to be used as a basis for investment decisions.

The most recent analyst rating on (KINS) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Kingstone Companies stock, see the KINS Stock Forecast page.

Financial Disclosures

Kingstone Companies Releases FY 2026 Financial Guidance

Neutral

Sep 25, 2025

On September 24, 2025, Kingstone Companies, Inc. released financial guidance for fiscal year 2026 and additional guidance for fiscal year 2025. The announcement is intended to provide summary information and is not considered material or complete for investment decisions.

The most recent analyst rating on (KINS) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Kingstone Companies stock, see the KINS Stock Forecast page.

Kingstone’s Earnings Call Highlights Record Growth and Expansion Plans

Aug 12, 2025

Kingstone’s Latest Earnings Call Reflects Strong Performance and Strategic Growth Plans

Kingstone’s Earnings Reflect Strategic Adjustments

Aug 9, 2025

Kingstone is a company operating in the insurance sector, primarily focusing on providing property and casualty insurance services. Known for its regional presence, Kingstone has carved a niche in offering tailored insurance solutions.

Regulatory Filings and Compliance

Kingstone Companies Issues Regulation FD Disclosure

Neutral

Aug 7, 2025

Kingstone Companies has released information that is being furnished rather than filed, indicating that it will not be subject to certain liabilities under the Exchange Act. The company clarifies that this information is not necessarily material or complete and should not solely guide investment decisions.

The most recent analyst rating on (KINS) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Kingstone Companies stock, see the KINS Stock Forecast page.

Executive/Board ChangesShareholder Meetings

Kingstone Companies Announces Board Changes and Elections

Neutral

Aug 7, 2025

On August 6, 2025, Kingstone Companies, Inc. announced changes to its Board of Directors, with Carla D’Andre and Timothy McFadden completing their service, and Pranav Pasricha being elected. During the same day, at the Annual Meeting of Stockholders, various decisions were made, including the election of board nominees, the ratification of CBIZ CPAs P.C. as the independent accounting firm for 2025, and advisory votes on executive compensation. The stockholders also decided that future advisory votes on executive compensation should occur annually.

The most recent analyst rating on (KINS) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Kingstone Companies stock, see the KINS Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes

Kingstone Companies Appoints New CFO Randy L. Patten

Positive

Aug 5, 2025

On August 5, 2025, Kingstone Companies announced the appointment of Randy L. Patten as its new Chief Financial Officer, effective August 25, 2025. Patten brings 28 years of leadership experience in the insurance industry, having previously held senior finance roles at NEXT Insurance and United Fire Group. His compensation package includes a $400,000 annual salary, bonuses, and a restricted stock grant, indicating Kingstone’s strategic investment in experienced leadership to potentially enhance its financial operations and market position.

The most recent analyst rating on (KINS) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Kingstone Companies stock, see the KINS Stock Forecast page.

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.Date of analysis: Oct 29, 2025