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Kingstone Companies
(NASDAQ:KINS)
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Rating:68Neutral
Price Target:
$21.00
▲(5.47% Upside)
Action:Downgraded
Date:07/24/26
KINS scores highest on valuation (low P/E plus dividend) and shows supportive technical trend signals (positive MACD; price above key longer-term averages). The biggest constraint is financial statement quality/consistency—despite improved profitability and cash generation, the balance sheet score is weak due to large TTM outliers and very low TTM ROE, increasing uncertainty. The earnings call is moderately positive with reaffirmed guidance and better underlying underwriting, but catastrophe volatility remains a meaningful risk.
Positive Factors
Underwriting Improvement
Sustained improvement in underlying combined and loss ratios indicates better risk selection, pricing, and claims management excluding catastrophe noise. Over months, this reduces earnings cyclicality, supports margin sustainability as Select product mix and reserve discipline lower frequency and long-term underwriting volatility.
Negative Factors
Catastrophe Volatility
Concentration in Northeast homeowners exposes the company to severe seasonal catastrophe swings that can erase quarterly profits and depress ROE. Reinsurance helps protect capital but earnings remain exposed to event timing and severity, making multi-quarter earnings durability harder to predict.
Read all positive and negative factors
Positive Factors
Negative Factors
Underwriting Improvement
Sustained improvement in underlying combined and loss ratios indicates better risk selection, pricing, and claims management excluding catastrophe noise. Over months, this reduces earnings cyclicality, supports margin sustainability as Select product mix and reserve discipline lower frequency and long-term underwriting volatility.
Read all positive factors
Kingstone Companies (KINS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$289.26M
Dividend Yield1%
Average Volume (3M)141.78K
Price to Earnings (P/E)9.0
Beta (1Y)0.78
Revenue Growth39.38%
EPS Growth27.06%
CountryUS
Employees113
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)2.22
Shares Outstanding14,484,841
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)2.3
Revenue Forecast (FY)$322.20M
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:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presented a mixed near-term result driven by an exceptionally severe winter that produced a GAAP loss, elevated combined ratio and negative ROE for the quarter. However, management emphasized that these catastrophe impacts were within guidance scenarios and highlighted material improvements in the controllable operating metrics: strong premium growth (DPW +~20%, NPE +28%), improved underlying combined ratio (down 5.1 points to 88.3%), investment income (+63%) and expense efficiency (expense ratio 30.4%). The company reaffirmed full-year guidance, has no long-term debt, growing book value year-over-year, and conservative, measured geographic expansion plans. Overall, the underlying business momentum and capital/strategy positioning outweigh the quarter's catastrophe-driven headline loss.Positive Updates
Improved Underlying Profitability
Underlying combined ratio improved 5.1 points year-over-year to 88.3% (from 93.4%), with underlying loss ratio improving over 4 points to 57.9% — showing durable underwriting improvement when excluding catastrophe volatility.
Negative Updates
GAAP Loss and Elevated Combined Ratio
GAAP net combined ratio was 112% for the quarter, resulting in a net loss of $5.8 million or $0.40 per diluted share.
Read all updates
Q1-2026 Updates
Positive
Negative
Improved Underlying Profitability
Underlying combined ratio improved 5.1 points year-over-year to 88.3% (from 93.4%), with underlying loss ratio improving over 4 points to 57.9% — showing durable underwriting improvement when excluding catastrophe volatility.
Read all positive updates
Company Guidance
Kingstone reaffirmed its full‑year 2026 guidance (originally issued March 5): direct premiums written growth of 15%–20%; underlying combined ratio of 74%–76%; catastrophe loss ratio of 7–10 points; diluted earnings per share of $2.20–$2.90; and return on equity of 24%–30%. Management noted each 1 point of catastrophe loss ratio has an approximate $0.13 per‑share impact, that the Q1 winter catastrophes added 26 points to the combined ratio but were within the scenarios embedded in guidance, and that the quota‑share reduction (from 16% to 5%) contributes roughly $0.20 of incremental EPS for the year, with earnings expected to be concentrated in Q2–Q4.Kingstone Companies Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
38
Negative
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 208.47M | 199.19M | 155.14M | 144.19M | 130.16M | 161.23M |
| Gross Profit | 115.10M | 114.93M | 58.58M | 27.98M | 7.19M | 26.14M |
| EBITDA | 41.80M | 54.05M | 29.25M | -389.56K | -22.62M | -4.29M |
| Net Income | 31.08M | 40.77M | 18.36M | -6.17M | -22.52M | -7.38M |
Balance Sheet | ||||||
| Total Assets | 465.34M | 453.43M | 374.92M | 317.63M | 320.33M | 331.31M |
| Cash, Cash Equivalents and Short-Term Investments | 156.50M | 301.22M | 28.67M | 157.90M | 166.67M | 182.37M |
| Total Debt | 4.12M | 4.44M | 11.17M | 25.24M | 25.16M | 29.82M |
| Total Liabilities | 350.83M | 330.69M | 308.21M | 283.13M | 284.16M | 255.64M |
| Stockholders Equity | 114.50M | 122.73M | 66.71M | 34.50M | 36.17M | 75.67M |
Cash Flow | ||||||
| Free Cash Flow | 63.94M | 73.05M | 55.61M | -13.15M | -5.47M | 19.85M |
| Operating Cash Flow | 66.72M | 75.86M | 57.95M | -11.33M | -915.52K | 24.35M |
| Investing Cash Flow | -89.22M | -92.86M | -35.26M | 9.46M | -5.91M | -15.95M |
| Financing Cash Flow | -3.64M | 506.07K | -2.99M | -1.12M | -5.51M | -3.57M |
Kingstone Companies Technical Analysis
Positive
19.91
Price Trends
18.04
Positive
16.84
Positive
16.20
Positive
Market Momentum
0.52
Positive
59.98
Neutral
71.25
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 below the 20-day moving average (MA) of 19.97, above the 50-day MA of 18.04, and above the 200-day MA of 16.20, indicating a bullish trend. The MACD of 0.52 indicates Positive momentum. The RSI at 59.98 is Neutral, neither overbought nor oversold. The STOCH value of 71.25 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $746.20M | 10.02 | 10.41% | 3.94% | -3.10% | -18.46% | |
68 Neutral | $289.26M | 9.00 | 28.27% | 1.00% | 39.38% | 27.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $514.69M | 4.89 | 33.02% | ― | 10.65% | 39.18% | |
62 Neutral | $310.29M | -75.75 | -1.79% | ― | -15.19% | -182.34% | |
60 Neutral | $401.75M | 11.85 | 0.02% | 5.19% | 2.99% | 14.96% |
* Financial Sector Average
KINS
Kingstone Companies
20.31
5.13
33.79%
DGICA
Donegal Group
19.46
3.07
18.75%
GBLI
Global Indemnity
27.22
-1.31
-4.60%
ACIC
American Coastal Insurance
11.03
1.46
15.20%
NODK
NI Holdings
15.58
2.81
22.00%
Kingstone Companies Corporate Events
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 ...
Business Operations and StrategyFinancial Disclosures
Kingstone Posts Q1 Loss but Reaffirms 2026 Outlook
Negative
May 7, 2026
For the first quarter ended March 31, 2026, Kingstone reported net premiums earned of $55.9 million, up 28% year over year, and direct premiums written growth of nearly 20%, driven largely by momentum in its New York homeowners business and higher...
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.