Latest news with #KingstoneCompanies
Yahoo
24-05-2025
- Business
- Yahoo
Thomas Newgarden Bought 39% More Shares In Kingstone Companies
Potential Kingstone Companies, Inc. (NASDAQ:KINS) shareholders may wish to note that the Independent Non-Executive Chairman, Thomas Newgarden, recently bought US$177k worth of stock, paying US$16.11 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 39%. Our free stock report includes 2 warning signs investors should be aware of before investing in Kingstone Companies. Read for free now. In fact, the recent purchase by Independent Non-Executive Chairman Thomas Newgarden was not their only acquisition of Kingstone Companies shares this year. Earlier in the year, they paid US$13.45 per share in a US$195k purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$16.93. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices. In the last twelve months insiders purchased 36.61k shares for US$512k. But they sold 20.25k shares for US$334k. In total, Kingstone Companies insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! Check out our latest analysis for Kingstone Companies There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Kingstone Companies insiders own about US$29m worth of shares. That equates to 13% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders. It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Kingstone Companies insiders are well aligned, and that they may think the share price is too low. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for Kingstone Companies you should know about. But note: Kingstone Companies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Kingstone Companies Inc (KINS) Q1 2025 Earnings Call Highlights: Strong Premium Growth and ...
Direct Written Premium Growth: 18% overall, including 23% growth in core business. Net Income: $3.9 million or $0.27 per diluted share. Net Premiums Earned Growth: Exceeded 50% for the quarter. Operating Income: Increased by $1.6 million to $2.4 million. Expense Ratio: Flat at 31.3% compared to the prior year. Combined Ratio: 93.7%, close to 93.3% from the previous year. Net Investment Income: Increased 36% to $2 million. Non-Catastrophe Loss Ratio: Increased by 0.4 percentage points. Favorable Prior Year Development: $600,000, improving loss ratio by 1.4 percentage points. Net Increase in Bond Portfolio Value: $2.2 million. Debt Status: Fully paid off remaining holding company debt. Warning! GuruFocus has detected 5 Warning Sign with KINS. Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kingstone Companies Inc (NASDAQ:KINS) reported its sixth consecutive quarter of profitability with an 18% growth in direct written premiums and a net income of $3.9 million. The company experienced a mild winter, which contributed positively to its profitability in what is typically the least profitable quarter. The renewal rights transaction with AmGUARD, a subsidiary of Berkshire Hathaway, is expected to provide competitive advantages and contribute to profitability. The Select homeowners' program continues to outperform expectations, with a decrease in frequency for 13 straight quarters. Kingstone Companies Inc (NASDAQ:KINS) has fully paid off its remaining holding company debt, saving over $800,000 in annual interest expenses. The company experienced an increase in fire loss severity, which led to a 3.3 percentage point increase in attritional losses. There is uncertainty regarding the level of growth from the AmGUARD transaction, with estimates ranging from $25 million to $35 million in premiums over a 12-month period. The CFO position is currently vacant, and the company is in the process of searching for a replacement. Kingstone Companies Inc (NASDAQ:KINS) faces potential challenges from tariff-related inflation, which may necessitate rate increases. The company has no immediate plans for share buybacks, focusing instead on growth and capital deployment. Q: Can you clarify the impact of fire losses and catastrophe losses on your financial results for the quarter? A: Meryl Golden, President and CEO, explained that fire losses were 3.3 percentage points higher than anticipated, but this was offset by a 3.5 percentage point reduction in catastrophe losses. The fire losses were attributed to a random uptick and were primarily from legacy products, not affecting the overall combined ratio guidance. Q: With the recent debt repayment, what are Kingstone's capital management priorities, particularly regarding dividends and share repurchases? A: Meryl Golden stated that the Board regularly discusses capital return opportunities, including restoring dividends. However, given the growth opportunities, particularly from the AmGUARD transaction, share buybacks are not anticipated in the near future. Q: Regarding the AmGUARD transaction, is there a significant price difference between Kingstone and AmGUARD policies, and how might this affect policyholder retention? A: Meryl Golden noted that AmGUARD exited the homeowners market due to unprofitability, suggesting Kingstone's pricing is higher. AmGUARD is seeking a rate increase in New York, which may narrow the pricing gap. The estimated premium impact from the transaction is $25 million to $35 million over 12 months. Q: Can you provide an update on the CFO search? A: Meryl Golden confirmed that a retained search firm has been hired, and the interview process is underway. In the interim, Victor Brodsky, Chief Accounting Officer, and Meryl Golden are managing the responsibilities. Q: What is driving the increase in net investment income, and how should investors view this trend going forward? A: Meryl Golden attributed the increase to strong cash generation from operations, which is being reinvested in the portfolio. The company is also extending duration to capitalize on higher yields, which should continue to positively impact investment income. Q: Does Kingstone have plans to expand into other states, or is the focus solely on New York? A: Meryl Golden emphasized the current focus on Downstate New York and the AmGUARD transaction. However, Kingstone is considering expansion into other states due to favorable market conditions, with plans for 2026 and beyond. Q: How does Kingstone assess its intrinsic value compared to market value or book value? A: Meryl Golden did not provide specific details but mentioned that the company continuously evaluates its value relative to the stock price and seeks ways to enhance it. Q: What measures are being taken to address the decline in smaller product lines, particularly dwelling fire? A: Meryl Golden mentioned that rate segmentation changes have been implemented in the dwelling fire product to address the decline, aiming to better match rate to risk and improve competitiveness. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-03-2025
- Business
- Yahoo
Zacks.com featured highlights include Geely Automobile, Sterling, Allot and Kingstone
Chicago, IL – March 4, 2025 – Stocks in this week's article are — Geely Automobile Holdings Ltd. GELYY, Sterling Infrastructure, Inc. STRL, Allot Ltd. ALLT and Kingstone Companies, Inc. KINS. If achieving profit is a company's goal, then having a healthy cash flow is essential to its existence, development and success. This is because cash offers strength, vitality and flexibility to make investment decisions as well as the fuel to run the growth engine. Investors flock to companies that earn profits, but even a profitable business can succumb to failure if its cash flow is irregular and eventually files for bankruptcy. However, a company's resiliency can be fairly judged when its efficacy in generating cash flows is assessed. This is because cash not only shields a company from market mayhem but also indicates that profits are being channeled in the right direction. In light of ongoing global economic uncertainty and market turbulence, this viewpoint is particularly relevant. In this regard, stocks like Geely Automobile Holdings Ltd., Sterling Infrastructure, Inc., Allot Ltd. and Kingstone Companies, Inc are worth buying. To figure out this efficiency, one needs to consider a company's net cash flow. While in any business, cash moves in and out, it is net cash flow that explains how much money a company is actually generating. If a company is experiencing a positive cash flow, it denotes an increase in its liquid assets, which gives it the means to meet debt obligations, shell out for expenses, reinvest in the business, endure downturns and finally return wealth to shareholders. On the other hand, a negative cash flow indicates a decline in the company's liquidity, which in turn lowers its flexibility to support these moves. However, having a positive cash flow merely does not secure a company's future growth. To ride on the growth curve, a company must have its cash flow increasing because that indicates management's efficiency in regulating its cash movements and less dependency on outside financing for running its business. Therefore, keep yourself abreast with the following screen to bet on stocks with rising cash flows. Here are four stocks that qualified for the screening: Geely Automobile Holdings Limited is engaged in automobile manufacturing and related areas. It is a fully integrated independent auto firm with auto eco-systems like designing, research and development, production, distribution and servicing. Geely Automobile Holdings Limited is headquartered in Wanchai, Hong Kong. The Zacks Consensus Estimate for GELYY's 2025 earnings implies year-over-year growth of 149.31%. Estimates for 2026 earnings per share have moved up by 8.8% over the past two months. GELYY has a VGM Score of B. Sterling operates through subsidiaries within segments specializing in E-Infrastructure, Building and Transportation Solutions principally in the United States, mainly across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions and the Pacific Islands. The Zacks Consensus Estimate for Sterling's current-year earnings has moved 14% north in the past week. STRL currently has a VGM Score of A. Allot Ltd. is a provider of network intelligence and security solutions for service providers and enterprises. Allot Ltd., formerly known as ALLOT COMM LTD, is based in HOD HASHARON, Israel. The Zacks Consensus Estimate for Allot's 2025 earnings of six cents implies year-over-year growth of 50%. Estimates for 2026 earnings per share have moved up by 15.4% over the past week. ALLT has a VGM Score of B. Kingstone Companies, through its subsidiary, provides property and casualty insurance products to individuals in the United States. The Zacks Consensus Estimate for 2025 earnings per share has improved 16.1% over the past week to $1.80. KINS has a VGM Score of A. Start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit at: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Geely Automobile Holdings Ltd. (GELYY) : Free Stock Analysis Report Allot Ltd. (ALLT) : Free Stock Analysis Report Kingstone Companies, Inc (KINS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Associated Press
05-02-2025
- Business
- Associated Press
Kingstone Announces Agreement to Sell Headquarters Building with Pre-tax Gain of $1.9 Million
KINGSTON, NY / ACCESS Newswire / February 5, 2025 / Kingstone Companies, Inc. (Nasdaq:KINS) (the 'Company' or 'Kingstone'), a Northeast regional property and casualty insurance holding company, today announced that it has signed an agreement to sell its headquarters building along with an adjacent mixed-use property to Ulster County, NY. The transaction will result in an approximate pre-tax gain of $1.9 million ($1.5 million after-tax) and is expected to be recognized in the first quarter of 2025, subject to closing of the sale. Additionally, this transaction will reduce Kingstone's annual operating costs by approximately $300,000. Meryl Golden, Chief Executive Officer of Kingstone, stated, 'Kingstone has owned and occupied its headquarters building since acquiring control of Kingstone Insurance Company in 2009. We decided to market our properties last year after making the decision to continue as a remote workforce model. We are delighted that Ulster County found these properties ideal for their needs. Kingstone will maintain its presence in the Kingston, NY area by leasing a smaller space more suitable for our needs.' Disclaimer and Forward-Looking Statements This press release may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those included in forward-looking statements due to a variety of factors. For more details on factors that could affect expectations, see Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023. The risks and uncertainties include, without limitation, the following: Kingstone undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Kingstone Companies, Inc. Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company ('KICO'). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO is actively writing personal lines and commercial auto insurance in New York, and in 2023 was the 15th largest writer of homeowners insurance in New York. KICO is also licensed in New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine. Investor Relations Contact: Karin Daly Vice President The Equity Group Inc.
