Kingstone (KINS)
NASDAQ:KINS
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Kingstone Companies
(NASDAQ:KINS)
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Rating:66Neutral
Price Target:
$15.50
▲(1.64% Upside)
Action:ReiteratedDate:04/03/26
The score is driven primarily by improving financial performance and very attractive valuation (low P/E), supported by a constructive earnings call focused on strong underlying underwriting and growth guidance. These positives are tempered by weak technical trend signals and the fundamental risk flags highlighted in the statements (notably the sharp 2025 revenue decline and historical volatility), plus near-term catastrophe sensitivity embedded in 2026 guidance.
Positive Factors
Underwriting improvement
Sustained improvement in underlying combined and loss ratios reflects better risk selection, claims handling and expense discipline. These structural underwriting gains support margin durability, allow retention of more premium, and reduce reliance on reinsurance over the medium term.
Negative Factors
High catastrophe sensitivity
Material catastrophe exposure is intrinsic to homeowners P&C; management’s elevated 2026 cat assumption compresses headline margins and makes multi-quarter earnings highly volatile. This sensitivity complicates forward guidance, capital planning, and investor visibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Underwriting improvement
Sustained improvement in underlying combined and loss ratios reflects better risk selection, claims handling and expense discipline. These structural underwriting gains support margin durability, allow retention of more premium, and reduce reliance on reinsurance over the medium term.
Read all positive factors
Kingstone Companies (KINS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$221.93M
Dividend Yield0.57%
Average Volume (3M)92.45K
Price to Earnings (P/E)5.7
Beta (1Y)0.70
Revenue Growth39.32%
EPS Growth61.45%
CountryUS
Employees99
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)1.08
Shares Outstanding14,476,825
10 Day Avg. Volume63,785
30 Day Avg. Volume92,454
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 Cap0.95
Enterprise Value/Revenue1.06
Enterprise Value/Gross Profit1.83
Enterprise Value/Ebitda3.90
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.15
Revenue Forecast (FY)$319.70M
Kingstone Companies Business Overview & Revenue Model
Company Description
Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal line of insurance products, including homeowners and dwell...
How the Company Makes Money
Kingstone makes money primarily through its insurance operations. The core revenue stream is net earned premiums: policyholders pay premiums for property insurance coverage, and the company recognizes those premiums as revenue over the policy term...
Kingstone Companies Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive underlying operating performance: record profitability, substantial premium and earned premium growth, marked improvement in expense and loss ratios, stronger investment income and capital metrics, and a disciplined, measured expansion strategy (California). The primary near-term headwinds are weather-driven: management is prudently assuming a higher-than-average catastrophe load for 2026 (7–10 points), which depresses headline combined ratio and EPS guidance despite healthy underlying metrics. Regulatory uncertainty in New York and execution risk for California are noted but framed as manageable. Overall, the highlights substantially outweigh the lowlights.Positive Updates
Record Quarterly and Annual Profitability
Q4 net income of $14.8 million; full-year net income of $40.8 million (more than doubled year-over-year). Full-year diluted EPS increased 95% to $2.88 and annual return on equity was 43%.
Negative Updates
Higher Catastrophe Assumption for 2026
2026 guidance assumes a catastrophe loss ratio of 7 to 10 points (at or above six-year historical average of 7.1 points), driving a net combined ratio guidance of 81% to 86% and pressuring year-over-year headline results despite stable underlying performance.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Quarterly and Annual Profitability
Q4 net income of $14.8 million; full-year net income of $40.8 million (more than doubled year-over-year). Full-year diluted EPS increased 95% to $2.88 and annual return on equity was 43%.
Read all positive updates
Company Guidance
Kingstone’s 2026 guidance calls for direct premiums written growth of 16–20% (supporting its $500M direct premium target by year‑end 2029), an underlying combined ratio (excluding catastrophes and prior‑year development) of 74–76% (versus 74.4% in 2025, comprised of a 44.4% underlying loss ratio and a 30% expense ratio), a catastrophe loss assumption of 7–10 points (vs. a 1.2‑point cat loss in 2025 and a 2019–24 six‑year average of 7.1 points), a net combined ratio of 81–86%, and diluted EPS of $2.20–$2.90 (midpoint $2.55); management also said each 1 point of catastrophe ≈ $0.13 of EPS, that EPS would be roughly $3.53 at 2025’s 1.2‑point cat level (~23% YoY), expects quota‑share cessions to fall (27%→16% in 2025, 16%→5% in 2026) adding about $0.25 of EPS in 2025 and ~$0.20 in 2026, and noted reinsurance limits first‑event loss to $5M pretax (≈ $0.27 per share after tax).Kingstone Companies Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
56
Neutral
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 199.19M | 155.14M | 144.19M | 130.16M | 161.23M |
| Gross Profit | 114.93M | 58.58M | 27.98M | 7.19M | 26.14M |
| EBITDA | 54.05M | 29.25M | -389.56K | -22.62M | -4.29M |
| Net Income | 40.77M | 18.36M | -6.17M | -22.52M | -7.38M |
Balance Sheet | |||||
| Total Assets | 453.43M | 374.92M | 317.63M | 320.33M | 331.31M |
| Cash, Cash Equivalents and Short-Term Investments | 301.22M | 28.67M | 157.90M | 166.67M | 182.37M |
| Total Debt | 4.44M | 11.17M | 25.24M | 25.16M | 29.82M |
| Total Liabilities | 330.69M | 308.21M | 283.13M | 284.16M | 255.64M |
| Stockholders Equity | 122.73M | 66.71M | 34.50M | 36.17M | 75.67M |
Cash Flow | |||||
| Free Cash Flow | 73.05M | 55.61M | -13.15M | -5.47M | 19.85M |
| Operating Cash Flow | 75.86M | 57.95M | -11.33M | -915.52K | 24.35M |
| Investing Cash Flow | -92.86M | -35.26M | 9.46M | -5.91M | -15.95M |
| Financing Cash Flow | 506.07K | -2.99M | -1.12M | -5.51M | -3.57M |
Kingstone Companies Technical Analysis
Positive
15.25
Price Trends
15.46
Negative
15.61
Negative
15.11
Positive
Market Momentum
-0.21
Negative
55.79
Neutral
76.84
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 15.25 is above the 20-day moving average (MA) of 14.80, below the 50-day MA of 15.46, and above the 200-day MA of 15.11, indicating a neutral trend. The MACD of -0.21 indicates Negative momentum. The RSI at 55.79 is Neutral, neither overbought nor oversold. The STOCH value of 76.84 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 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $570.74M | 5.73 | 35.67% | ― | 16.34% | -1.26% | |
69 Neutral | $653.04M | 7.74 | 12.91% | 3.51% | 0.93% | 224.95% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $221.93M | 5.75 | 40.02% | 0.57% | 39.32% | 61.45% | |
63 Neutral | $398.31M | 15.90 | 3.63% | 5.01% | -0.04% | -33.45% | |
48 Neutral | $269.86M | -26.81 | -4.24% | ― | -17.81% | 38.09% |
* Financial Sector Average
KINS
Kingstone Companies
15.33
-1.11
-6.74%
DGICA
Donegal Group
17.53
0.25
1.44%
GBLI
Global Indemnity
27.76
-0.78
-2.74%
ACIC
American Coastal Insurance
11.73
1.31
12.55%
NODK
NI Holdings
13.14
0.05
0.42%
Kingstone Companies Corporate Events
Business Operations and StrategyFinancial Disclosures
Kingstone Unveils Record Results and California Expansion Plans
Positive
Apr 2, 2026
Kingstone Companies, Inc., a Northeast-focused property and casualty insurance holding company specializing in tailored homeowners coverage through its Select product suite, operates primarily in New York via Kingstone Insurance Company and ranks ...
Business Operations and StrategyFinancial Disclosures
Kingstone Posts Record 2025 Results, Raises 2026 Outlook
Positive
Mar 5, 2026
Kingstone reported record financial results for the fourth quarter and full year 2025 on March 5, 2026, posting its strongest quarterly and annual performance in company history, including a Q4 net combined ratio of 64.2%, diluted EPS of $1.03, an...
Business Operations and StrategyFinancial Disclosures
Kingstone Reports Record Profitability and Strong Premium Growth
Positive
Feb 4, 2026
On February 4, 2026, Kingstone reported estimated fourth-quarter and full-year 2025 results showing record profitability, highlighted by Q4 direct premiums written of $83 million, a combined ratio between 64% and 66%, operating EPS of $1.03 to $1....
Dividends
Kingstone Companies Declares Quarterly Cash Dividend to Shareholders
Positive
Jan 30, 2026
On January 30, 2026, Kingstone Companies, Inc. announced that its Board of Directors had declared a quarterly cash dividend of $0.05 per share of common stock, reflecting the company’s ongoing practice of returning capital to shareholders. T...
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.