Kingstone Companies（KINS）株式概要Kingstone Companies, Inc.は子会社のKingstone Insurance Companyを通じて、米国で損害保険商品を提供している。 詳細KINS ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長4/6過去の実績5/6財務の健全性4/6配当金2/6報酬当社が推定した公正価値より49.1%で取引されている 収益は年間20.81%増加すると予測されています 過去1年間で収益は49.3%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析KINS リスクチェックを通過した。すべてのリスクチェックを見るKINS Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN27.6% undervaluedAnalystConsensusTarget•1y agoAdvanced Data Analytics And E&S Expansion Will Unlock Future Value210039Top Analyst NarrativesKingstone CompaniesANAnalystConsensusTargetBased on Analyst Price TargetsAdvanced Data Analytics And E&S Expansion Will Unlock Future ValueKey Takeaways Advanced analytics and technology adoption are improving risk selection, operational efficiency, and profitability while supporting long-term earnings growth. Expansion into under-served markets and E&S products positions Kingstone for accelerated, profitable growth and reduced geographic risk.View narrativeUS$22FV27.6% 割安 内在価値ディスカウント21.13%Revenue growth p.a.Set Fair ValueView210users have viewed this narrative3users have liked this narrative0users have commented on this narrative39users have followed this narrativeabout 1 year ago author updated this narrativeView all narrativesKingstone Companies, Inc. 競合他社First AcceptanceSymbol: OTCPK:FACOMarket cap: US$190.0mJames River Group HoldingsSymbol: NasdaqGS:JRVRMarket cap: US$190.0mAmerican Integrity Insurance GroupSymbol: NYSE:AIIMarket cap: US$330.3mInvestors TitleSymbol: NasdaqGS:ITICMarket cap: US$460.7m価格と性能株価の高値、安値、推移の概要Kingstone Companies過去の株価現在の株価US$15.9252週高値US$19.4252週安値US$13.08ベータ0.531ヶ月の変化-7.12%3ヶ月変化0.13%1年変化-5.97%3年間の変化1,148.14%5年間の変化98.26%IPOからの変化183.02%最新ニュースMajor Estimate Revision • May 21Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$257.3m to US$254.0m. EPS estimate rose from US$2.30 to US$2.54. Net income forecast to grow 25% next year vs 1.0% growth forecast for Insurance industry in the US. Consensus price target of US$21.50 unchanged from last update. Share price rose 7.6% to US$15.99 over the past week.Recent Insider Transactions • May 14Independent Non-Executive Chairman recently bought US$440k worth of stockOn the 13th of May, Thomas Newgarden bought around 31k shares on-market at roughly US$14.44 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$843k. Thomas has been a buyer over the last 12 months, purchasing a net total of US$827k worth in shares.New Risk • May 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • May 11First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: US$0.40 loss per share (down from US$0.29 profit in 1Q 2025). Revenue: US$59.8m (up 23% from 1Q 2025). Net loss: US$5.81m (down 250% from profit in 1Q 2025). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 09Kingstone Companies, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2026Kingstone Companies, Inc. reaffirmed earnings guidance for the fiscal year 2026. For the year, the company expected net income per share – diluted to be in the range of $2.20 to $2.90.Upcoming Dividend • May 04Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 3.4% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.6%).最新情報をもっと見るRecent updatesMajor Estimate Revision • May 21Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$257.3m to US$254.0m. EPS estimate rose from US$2.30 to US$2.54. Net income forecast to grow 25% next year vs 1.0% growth forecast for Insurance industry in the US. Consensus price target of US$21.50 unchanged from last update. Share price rose 7.6% to US$15.99 over the past week.Recent Insider Transactions • May 14Independent Non-Executive Chairman recently bought US$440k worth of stockOn the 13th of May, Thomas Newgarden bought around 31k shares on-market at roughly US$14.44 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$843k. Thomas has been a buyer over the last 12 months, purchasing a net total of US$827k worth in shares.New Risk • May 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • May 11First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: US$0.40 loss per share (down from US$0.29 profit in 1Q 2025). Revenue: US$59.8m (up 23% from 1Q 2025). Net loss: US$5.81m (down 250% from profit in 1Q 2025). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 09Kingstone Companies, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2026Kingstone Companies, Inc. reaffirmed earnings guidance for the fiscal year 2026. For the year, the company expected net income per share – diluted to be in the range of $2.20 to $2.90.Upcoming Dividend • May 04Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 3.4% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.6%).お知らせ • Apr 29Kingstone Companies, Inc. Announces Quarterly Cash Dividend, Payable on May 26, 2026Kingstone Companies, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock. The Company will pay the dividend on May 26, 2026, to stockholders of record at the close of business on May 11, 2026.Recent Insider Transactions Derivative • Apr 19Independent Director notifies of intention to sell stockWilliam Yankus intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of April. If the sale is conducted around the recent share price of US$17.97, it would amount to US$243k. Since June 2025, William's direct individual holding has increased from 91.83k shares to 95.32k. Company insiders have collectively bought US$1.3m more than they sold, via options and on-market transactions, in the last 12 months.お知らせ • Apr 17Kingstone Companies, Inc. to Report Q1, 2026 Results on May 07, 2026Kingstone Companies, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$17.68, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Insurance industry in the US. Total returns to shareholders of 1,376% over the past three years.Recent Insider Transactions • Mar 15Insider recently bought US$843k worth of stockOn the 10th of March, Gregory Fortunoff bought around 54k shares on-market at roughly US$15.64 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.2m more in shares than they have sold in the last 12 months.Reported Earnings • Mar 08Full year 2025 earnings released: EPS: US$2.93 (vs US$1.60 in FY 2024)Full year 2025 results: EPS: US$2.93 (up from US$1.60 in FY 2024). Revenue: US$212.9m (up 37% from FY 2024). Net income: US$40.8m (up 122% from FY 2024). Profit margin: 19% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Combined ratio: 75.0% (down from 80.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Mar 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.お知らせ • Mar 06Kingstone Companies, Inc. Updates Earnings Guidance for the Fiscal Year 2026Kingstone Companies, Inc. updated earnings guidance for the fiscal year 2026. For the period, the company expects Net income per share – diluted to be in the range of $2.20 to $2.90.分析記事 • Feb 05Should You Be Adding Kingstone Companies (NASDAQ:KINS) To Your Watchlist Today?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Upcoming Dividend • Feb 04Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 11 February 2026. Payment date: 26 February 2026. Payout ratio is a comfortable 2.1% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.5%).お知らせ • Jan 30Kingstone Companies, Inc. Announces Quarterly Cash Dividend, Payable on February 26, 2026Kingstone Companies, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock. The Company will pay the dividend on February 26, 2026, to stockholders of record at the close of business on February 11, 2026.Reported Earnings • Nov 07Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$0.77 (up from US$0.61 in 3Q 2024). Revenue: US$55.7m (up 37% from 3Q 2024). Net income: US$10.9m (up 56% from 3Q 2024). Profit margin: 20% (up from 17% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 103% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 07+ 1 more updateKingstone Companies, Inc. Revises Earnings Guidance for the Fiscal Year 2025Kingstone Companies, Inc. revised earnings guidance for the fiscal year 2025. For the year, the company expects Net income per share – basic to be $2.30 to $2.70 compared to previous guidance of $2.10 to $2.50. Net income per share – diluted to be $2.20 to $2.60 compared to previous guidance of $1.95 to $2.35. Direct premiums written growth to be 12% to 17%.Major Estimate Revision • Oct 18Consensus revenue estimates decrease by 12%, EPS upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$213.1m to US$187.5m. EPS estimate increased from US$2.23 to US$2.33 per share. Net income forecast to grow 23% next year vs 16% growth forecast for Insurance industry in the US. Consensus price target of US$22.00 unchanged from last update. Share price was steady at US$14.47 over the past week.お知らせ • Oct 17Kingstone Companies, Inc. to Report Q3, 2025 Results on Nov 06, 2025Kingstone Companies, Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025Seeking Alpha • Sep 26Kingstone Companies: Disciplined Underwriting Capabilities With Visible Growth CatalystsSummary Kingstone Companies is refocusing on homeowners insurance in New York, exiting non-core lines to improve capital efficiency and market understanding. KINS launched a Select homeowners product using advanced underwriting techniques, resulting in ~31% lower claim frequency and a significantly reduced expense ratio since 2021. The company diversified reinsurance by issuing its first catastrophe bond, aiming to reduce loss volatility and strengthen financial resilience. With major competitors exiting the NY market, KINS secured renewal rights from AmGUARD, potentially increasing its revenue base by over 30%. Read the full article on Seeking AlphaMajor Estimate Revision • Sep 03Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$187.9m to US$213.1m. EPS estimate increased from US$2.10 to US$2.23 per share. Net income forecast to grow 21% next year vs 13% growth forecast for Insurance industry in the US. Consensus price target of US$22.00 unchanged from last update. Share price was steady at US$13.47 over the past week.Reported Earnings • Aug 10Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.81 (up from US$0.41 in 2Q 2024). Revenue: US$52.3m (up 43% from 2Q 2024). Net income: US$11.3m (up 149% from 2Q 2024). Profit margin: 22% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 05Kingstone Companies, Inc. Appoints Randy L. Patten as Chief Financial Officer, Effective August 25, 2025Kingstone Companies, Inc. announced the appointment of Randy L. Patten as chief financial officer, effective August 25, 2025. Patten joins the Northeast regional property and casualty insurance holding company from NEXT Insurance Inc., where he served as vice president, chief accounting officer and treasurer. At NEXT Insurance, he participated in the company's $2.6 billion acquisition by ERGO Group AG, a subsidiary of MunichRe. Patten earned a Bachelor of Arts degree in accounting and business management from Central College in Iowa. As CFO, Patten will oversee Kingstone's finance organization, including GAAP and statutory accounting, financial planning and analysis, capital management, compliance, SEC filings coordination, tax, investor relations, investments and treasury functions.Upcoming Dividend • Aug 04Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 11 August 2025. Payment date: 26 August 2025. The company last paid an ordinary dividend in August 2014. The average dividend yield among industry peers is 2.1%.分析記事 • Jul 19Take Care Before Diving Into The Deep End On Kingstone Companies, Inc. (NASDAQ:KINS)With a median price-to-sales (or "P/S") ratio of close to 1.2x in the Insurance industry in the United States, you...お知らせ • Jul 18Kingstone Companies, Inc. to Report Q2, 2025 Results on Aug 07, 2025Kingstone Companies, Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025お知らせ • Jun 27Kingstone Companies, Inc., Annual General Meeting, Aug 06, 2025Kingstone Companies, Inc., Annual General Meeting, Aug 06, 2025.Price Target Changed • May 28Price target increased by 22% to US$22.00Up from US$18.00, the current price target is provided by 1 analyst. New target price is 34% above last closing price of US$16.43. Stock is up 232% over the past year. The company is forecast to post earnings per share of US$2.10 for next year compared to US$1.60 last year.Recent Insider Transactions • May 21Independent Director recently sold US$87k worth of stockOn the 16th of May, Carla D'Andre sold around 5k shares on-market at roughly US$17.47 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$79k more than they bought in the last 12 months.分析記事 • May 18Here's Why We Think Kingstone Companies (NASDAQ:KINS) Is Well Worth WatchingThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Recent Insider Transactions Derivative • May 18Independent Director notifies of intention to sell stockWilliam Yankus intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of May. If the sale is conducted around the recent share price of US$17.20, it would amount to US$258k. Since June 2024, William's direct individual holding has increased from 77.20k shares to 91.83k. Company insiders have collectively bought US$8.6k more than they sold, via options and on-market transactions, in the last 12 months.Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$17.32, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 290% over the past three years.Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.29 (up from US$0.13 in 1Q 2024). Revenue: US$50.5m (up 41% from 1Q 2024). Net income: US$3.88m (up 172% from 1Q 2024). Profit margin: 7.7% (up from 4.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 145%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$20.12, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 394% over the past three years.お知らせ • Apr 25Kingstone Companies, Inc. to Report Q1, 2025 Results on May 08, 2025Kingstone Companies, Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025お知らせ • Apr 02+ 1 more updateKingstone Companies, Inc. Provides Earnings Guidance for the Year 2025Kingstone Companies, Inc. provided earnings guidance for the year 2025. The company expects core business direct premiums written growth to be 15% to 25%, net income per share - basic to be $1.90 to $2.30 and net income per share - diluted to be $1.75 to $2.15.Major Estimate Revision • Mar 27Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$195.9m to US$187.6m. EPS estimate rose from US$1.80 to US$2.00. Net income forecast to grow 55% next year vs 6.7% growth forecast for Insurance industry in the US. Consensus price target up from US$18.00 to US$19.00. Share price rose 8.0% to US$16.67 over the past week.Price Target Changed • Mar 26Price target increased by 12% to US$19.00Up from US$17.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$16.67. Stock is up 329% over the past year. The company is forecast to post earnings per share of US$2.00 for next year compared to US$1.60 last year.お知らせ • Mar 20Kingstone Companies, Inc. Announces Cessation of Timothy Mcfadden as DirectorOn March 12, 2025, Timothy McFadden, a director of Kingstone Companies, Inc. (the “Company”), informed the Board of Directors of the Company (the “Board”) that he will not be seeking re-election to the Board at the 2025 annual meeting of stockholders. Mr. McFadden’s decision not to stand for re-election was for personal reasons and not a result of any disagreement with the Company.New Risk • Mar 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding).Reported Earnings • Mar 14Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$1.60 (up from US$0.57 loss in FY 2023). Revenue: US$155.1m (up 7.6% from FY 2023). Net income: US$18.4m (up US$24.5m from FY 2023). Profit margin: 12% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$15.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 193% over the past three years.お知らせ • Feb 25Kingstone Companies, Inc. to Report Q4, 2024 Results on Mar 13, 2025Kingstone Companies, Inc. announced that they will report Q4, 2024 results After-Market on Mar 13, 2025New Risk • Feb 16New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$246k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (US$246k sold).分析記事 • Feb 07Kingstone Companies, Inc. (NASDAQ:KINS) Stock Rockets 26% But Many Are Still Ignoring The CompanyDespite an already strong run, Kingstone Companies, Inc. ( NASDAQ:KINS ) shares have been powering on, with a gain of...Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$16.99, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 241% over the past three years.Major Estimate Revision • Jan 22Consensus revenue estimates decrease by 17%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$156.8m to US$130.6m. EPS estimate unchanged from US$1.48 per share at last update. Insurance industry in the US expected to see average net income growth of 12% next year. Consensus price target up from US$17.00 to US$18.00. Share price was steady at US$15.42 over the past week.お知らせ • Jan 08Kingstone Companies, Inc. has filed a Follow-on Equity Offering in the amount of $25 million.Kingstone Companies, Inc. has filed a Follow-on Equity Offering in the amount of $25 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingNew Risk • Dec 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding).Recent Insider Transactions Derivative • Dec 10Independent Director notifies of intention to sell stockWilliam Yankus intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of December. If the sale is conducted around the recent share price of US$16.21, it would amount to US$166k. Since March 2024, William has owned 77.20k shares directly. Company insiders have collectively bought US$174k more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions • Nov 22Independent Non-Executive Chairman recently bought US$195k worth of stockOn the 21st of November, Thomas Newgarden bought around 15k shares on-market at roughly US$12.87 per share. This transaction increased Thomas' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months.Major Estimate Revision • Nov 21Consensus revenue estimates increase by 21%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$129.9m to US$156.8m. EPS estimate increased from US$1.44 to US$1.48 per share. Net income forecast to grow 26% next year vs 14% growth forecast for Insurance industry in the US. Consensus price target up from US$13.50 to US$17.00. Share price rose 28% to US$13.83 over the past week.Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$13.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Insurance industry in the US. Total returns to shareholders of 187% over the past three years.Recent Insider Transactions Derivative • Nov 17Chief Accounting Officer exercised options and sold US$69k worth of stockOn the 14th of November, Victor Brodsky exercised 26.06k options at around US$7.99, then sold 17k of the shares acquired at an average of US$11.92 per share and kept the remainder. Since June 2024, Victor has owned 55.96k shares directly. Company insiders have collectively bought US$5.3k more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Nov 14Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: US$0.65 (up from US$0.33 loss in 3Q 2023). Revenue: US$40.8m (up 19% from 3Q 2023). Net income: US$6.98m (up US$10.5m from 3Q 2023). Profit margin: 17% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.分析記事 • Nov 07Revenues Tell The Story For Kingstone Companies, Inc. (NASDAQ:KINS) As Its Stock Soars 31%Despite an already strong run, Kingstone Companies, Inc. ( NASDAQ:KINS ) shares have been powering on, with a gain of...Major Estimate Revision • Nov 01Consensus EPS estimates increase by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$126.8m to US$129.9m. EPS estimate increased from US$1.10 to US$1.44 per share. Net income forecast to grow 202% next year vs 10% growth forecast for Insurance industry in the US. Consensus price target up from US$10.50 to US$13.50. Share price rose 8.6% to US$10.62 over the past week.お知らせ • Oct 29Kingstone Companies, Inc. to Report Q3, 2024 Results on Nov 12, 2024Kingstone Companies, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024新しいナラティブ • Sep 28Tactical Premium Adjustments And Selective Underwriting Fuel Growth And Margin Expansion Kingstone's focus on adjusting premiums and selective underwriting aims to enhance revenue growth and net margins by prioritizing quality over quantity. お知らせ • Aug 30Kingstone Companies, Inc. Announces Management ChangesKingstone Companies, Inc. announced that Barry Goldstein, its long-time Chairman of the Board of Directors, will retire effective September 10, 2024. Thomas Newgarden, who joined the Company's board earlier this year, will become Kingstone's Non-Executive Chairman concurrent with Mr. Goldstein's departure. Mr. Goldstein has served as the Company's Chairman of the Board since March 2001 and served as its Chief Executive Officer from March 2001 to December 2018 and from July 2019 to September 2023. He has been the Chairman of Kingstone Insurance Company, the Company's operating insurance company subsidiary, for the past eighteen years. A few years after joining Kingstone, Mr. Goldstein led the Company (then an insurance agency) to a Nasdaq listing in October 2004. In 2005, after the Company acquired the $3.75 million of surplus notes issued by Commercial Mutual Insurance Company ("CMIC"), an insurance company, he became CMIC's Chairman and engineered its demutualization. Determined to focus solely on underwriting, the Company sold off its agency and premium finance assets and acquired 100% equity ownership of CMIC in July 2009 (renaming it Kingstone Insurance Company ("KICO"), with the parent company being named Kingstone Companies, Inc.). Over the subsequent fifteen years, KICO grew to write over $200 million in annual premiums and become the 15th largest writer of homeowners insurance in New York State. KICO recently reported the most profitable quarter in its 138-year history.Major Estimate Revision • Aug 21Consensus revenue estimates decrease by 17%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$152.4m to US$126.8m. EPS estimate increased from US$1.01 to US$1.03 per share. Net income forecast to grow 151% next year vs 16% growth forecast for Insurance industry in the US. Consensus price target up from US$9.00 to US$10.50. Share price rose 37% to US$11.47 over the past week.Reported Earnings • Aug 16Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.41 (up from US$0.049 loss in 2Q 2023). Revenue: US$36.5m (flat on 2Q 2023). Net income: US$4.51m (up US$5.04m from 2Q 2023). Profit margin: 12% (up from net loss in 2Q 2023). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.New Risk • Aug 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (US$81.2m market cap).お知らせ • Jul 29Kingstone Companies, Inc. to Report Q2, 2024 Results on Aug 12, 2024Kingstone Companies, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 12, 2024分析記事 • Jul 24Investors Still Aren't Entirely Convinced By Kingstone Companies, Inc.'s (NASDAQ:KINS) Revenues Despite 27% Price JumpDespite an already strong run, Kingstone Companies, Inc. ( NASDAQ:KINS ) shares have been powering on, with a gain of...お知らせ • Jun 19Kingstone Companies, Inc. Appoints Thomas Newgarden to its Board of DirectorsKingstone Companies, Inc. announced the appointment of Thomas "Tom" Newgarden to its Board of Directors. Mr. Newgarden is an analytics-driven insurance executive with over 30 years of experience, leading efforts to profitably grow carriers across the property and casualty spectrum, with a primary focus on personal lines. His areas of expertise include predictive modeling/data science, product management/development segmentation, Insurtech/business development, underwriting, and actuarial disciplines. Mr. Newgarden played an instrumental role in the successful acquisition and rehabilitation of National General Insurance (formerly GMAC insurance), including Executive Vice President and Chief Underwriting Officer, Chief Analytics Officer, and President of National General Preferred, culminating in the successful sale to Allstate Insurance. Prior to National General, Mr. Newgarden enjoyed similar achievements in profitable growth as Senior Vice President and Chief Underwriting Officer at AIG Private Client Group, Senior Vice President of Personal Lines at Safeco Insurance, and Vice President of Underwriting at Plymouth Rock Assurance. Since leaving Allstate in 2022, Mr. Newgarden has primarily worked as a consultant and advisor to carriers and other insurance entities including Jerry Insurance and Aspire General Insurance. Previously, his Board experience included the Insurance Institute for Highway Safety and National Highway Traffic Safety Administration, among others. Mr. Newgarden graduated with a bachelor's degree in economics/mathematics from Binghamton University.お知らせ • Jun 08Kingstone Companies, Inc., Annual General Meeting, Aug 07, 2024Kingstone Companies, Inc., Annual General Meeting, Aug 07, 2024. Location: 15 joys lane, new york 12401, kingston United StatesReported Earnings • May 14First quarter 2024 earnings released: EPS: US$0.13 (vs US$0.47 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.13 (up from US$0.47 loss in 1Q 2023). Revenue: US$35.8m (down 2.4% from 1Q 2023). Net income: US$1.43m (up US$6.48m from 1Q 2023). Profit margin: 4.0% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.分析記事 • May 07Kingstone Companies, Inc.'s (NASDAQ:KINS) Price Is Right But Growth Is LackingKingstone Companies, Inc.'s ( NASDAQ:KINS ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing...お知らせ • May 01Kingstone Companies, Inc. to Report Q1, 2024 Results on May 13, 2024Kingstone Companies, Inc. announced that they will report Q1, 2024 results After-Market on May 13, 2024お知らせ • Apr 10Kingstone Companies, Inc. Appoints Manmohan Singh to Its Board of DirectorsKingstone Companies, Inc. announced the appointment of Manmohan "Manu" Singh to its Board of Directors. Mr. Singh's appointment was in accordance with the terms outlined in an agreement between the Company and certain noteholders, pursuant to which the noteholders have the right to nominate one person to serve as a member of the Company's Board of Directors. Mr. Singh is the Group Chief Financial Officer and Head of Corporate Development for Angel Oak Companies, overseeing financial operations, including accounting and treasury, for all of Angel Oak's subsidiaries. He is also a member of the Angel Oak Enterprise Risk Management Committee. Previously, he was a Director in the Insurance Investment Banking team at New York-based Sandler O'Neill & Partners, which was an investment bank specializing in financial institutions that merged with Piper Jaffray Companies to form Piper Sandler Companies. During his 12 years with Sandler O'Neill, Mr. Singh worked extensively in the insurance sector, advising them on capital raising and M&A related matters. Manu has been involved with several key M&A transactions, including those involving private equity buyers and alternative asset managers making forays into the life and annuity sector. Mr. Singh holds a Master of Business Administration from the Indiana University Kelley School of Business, a Master of Science in Finance from the Department of Financial Studies at the University of Delhi, and a Bachelor of Engineering from Deenbandhu Chhotu Ram University of Science and Technology in India.New Risk • Apr 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$13m free cash flow). Earnings have declined by 41% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (US$50.6m market cap).Reported Earnings • Mar 29Full year 2023 earnings released: US$0.57 loss per share (vs US$2.12 loss in FY 2022)Full year 2023 results: US$0.57 loss per share (improved from US$2.12 loss in FY 2022). Revenue: US$144.2m (up 11% from FY 2022). Net loss: US$6.17m (loss narrowed 73% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.お知らせ • Feb 28Kingstone Companies, Inc. to Report Q4, 2023 Results on Mar 27, 2024Kingstone Companies, Inc. announced that they will report Q4, 2023 results After-Market on Mar 27, 2024Board Change • Feb 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. President, CEO, COO & Director Meryl Golden was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 15Kingstone Companies, Inc. announced delayed 10-Q filingOn 11/14/2023, Kingstone Companies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Oct 19Kingstone Companies, Inc. to Report Q3, 2023 Results on Nov 09, 2023Kingstone Companies, Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023New Risk • Oct 01New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$14m Forecast net loss in 1 year: US$2.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.7m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$19.3m market cap).New Risk • Aug 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (US$14.4m market cap).Reported Earnings • Aug 13Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: US$0.049 loss per share (improved from US$0.51 loss in 2Q 2022). Revenue: US$36.7m (up 27% from 2Q 2022). Net loss: US$522.0k (loss narrowed 90% from 2Q 2022). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 5.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance.New Risk • Aug 12New major risk - Revenue and earnings growthEarnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks High level of debt (40% net debt to equity). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$14.4m market cap).お知らせ • Aug 10+ 1 more updateKingstone Companies, Inc. Announces Executive ChangesKingstone Companies, Inc. announced that Meryl Golden has been appointed to the position Chief Executive Officer effective October 1, 2023, when current CEO Barry Goldstein will step down and continue as Chairman of Kingstone's Board of Directors. Ms. Golden is currently Chief Operating Officer of Kingstone and is the President of Kingstone Insurance Company. She joined Kingstone in September 2019 and has led the efforts to modernize the Company and its products, reduce its costs and manage through the volatility of the property market in the Northeast. Mr. Goldstein joined Kingstone (then known as DCAP Group, Inc., a regional insurance brokerage business) in 2001. From 2005 to 2009, he led the efforts to transform the Company to an underwriting enterprise. In July 2009, the conversion of the former Commercial Mutual Insurance Company was completed and, in advance of such, the Company disposed of its brokerage and premium finance businesses. Operating solely as a property and casualty insurance company since then, Kingstone's premiums are now over $200 million, and it has grown from insuring approximately 12,000 homeowners to over 80,000 homes in the Northeast.お知らせ • Jul 14Kingstone Companies, Inc. to Report Q2, 2023 Results on Aug 10, 2023Kingstone Companies, Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023Major Estimate Revision • May 18Consensus EPS estimates fall by 124%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$120.6m to US$117.5m. Losses expected to increase from US$0.25 per share to US$0.56. Insurance industry in the US expected to see average net income growth of 36% next year. Consensus price target of US$1.20 unchanged from last update. Share price rose 2.0% to US$1.50 over the past week.Reported Earnings • May 12First quarter 2023 earnings released: US$0.47 loss per share (vs US$0.86 loss in 1Q 2022)First quarter 2023 results: US$0.47 loss per share (improved from US$0.86 loss in 1Q 2022). Revenue: US$36.6m (up 28% from 1Q 2022). Net loss: US$5.05m (loss narrowed 45% from 1Q 2022). Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 6.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 02Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: US$2.12 loss per share (further deteriorated from US$0.70 loss in FY 2021). Revenue: US$130.2m (down 19% from FY 2021). Net loss: US$22.5m (loss widened 205% from FY 2021). Combined ratio: 113.3% (up from 111.5% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 4.1% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 5.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.お知らせ • Jan 25Kingstone Companies, Inc. to Report Q4, 2022 Results on Mar 30, 2023Kingstone Companies, Inc. announced that they will report Q4, 2022 results After-Market on Mar 30, 2023お知らせ • Jan 18Kingstone Companies, Inc. Appoints Jennifer Gravelle as Chief Financial OfficerKingstone Companies, Inc. announced that Jennifer Gravelle has been appointed Chief Financial Officer as of January 17, 2023. Gravelle brings to Kingstone more than 20 years of leadership experience in the P&C insurance industry and expertise in coastal-focused property insurance specifically. Most recently, she served as CFO of Slide Insurance, and previously served as CFO of both Allied Trust Insurance Company and Olympus Insurance Company. Gravelle has over 22 years of experience in the P&C insurance industry. She most recently led finance operations, accounting, and forecasting as CFO of Slide Insurance, a full-stack insurtech organization. Before that, she served as CFO of Allied Trust Insurance Company, a personal property insurance organization, and held roles of increasing responsibility at Olympus Insurance Company, also a personal property insurance company, including CFO. Earlier in her career she was with HomeWise Insurance Group as the Controller. Gravelle is experienced in both GAAP and STAT accounting and has a reputation of achieving long-term shareholder value in both start-up and large-scale environments. She earned a Bachelor of Science in Accounting from Champlain College.お知らせ • Jan 08Gregory Fortunoff Sends Letter to the Board of Kingstone CompaniesOn January 4, 2023, Gregory Fortunoff submitted a letter to the Directors of Kingstone Companies, Inc. In the letter, Gregory Fortunoff stated that he would do whatever he has to do in order to protect the current investment and take actions that he believes are in the best interests of all shareholders. Gregory Fortunoff added that he stands ready to engage with the current management and Board regarding his request for board representation, while at the same time, he would be preparing for the proxy action that he believes would be necessary to effect meaningful and positive change.お知らせ • Dec 30Kingstone Companies, Inc. Announces Executive ChangesKingstone Companies, Inc. announced that on December 21, 2022, Richard Swartz, Chief Accounting Officer and Treasurer of the company, advised the Company of his desire to resign for personal reasons to pursue other opportunities. Mr. Swartz’s resignation will be effective as of December 31, 2022. Victor Brodsky, an accounting consultant to the Company and formerly its Chief Financial Officer, will be assuming Mr. Swartz’s accounting responsibilities on an interim basis.Major Estimate Revision • Nov 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$108.7m to US$112.1m. Forecast EPS reduced from -US$1.45 to -US$1.68 per share. Insurance industry in the US expected to see average net income growth of 18% next year. Consensus price target down from US$5.00 to US$3.50. Share price fell 44% to US$0.93 over the past week.お知らせ • Nov 19Gregory Fortunoff Sends a Letter to Kingstone Companies IncOn November 18, 2022, Gregory Fortunoff announced that he has sent a letter to Kingstone Companies Inc, highlighting the management actions against the potential buyers during negotiation. In addition, Gregory Fortunoff stated that in considering the actions of current CEO and board, to regain footing he would do the necessary steps to replace the board in the next election with a diversified slate of insurance and financially savvy people, remove Barry Goldstein as chairman and CEO, appoint Meryl Golden as chairman and CEO, management and the board will be transparent and respect the fact that they are running a public company.Reported Earnings • Nov 16Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: US$0.38 loss per share (improved from US$1.01 loss in 3Q 2021). Revenue: US$35.5m (down 8.8% from 3Q 2021). Net loss: US$4.00m (loss narrowed 62% from 3Q 2021). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 55% per year, which means it has not declined as severely as earnings.Price Target Changed • Nov 16Price target decreased to US$3.50Down from US$5.00, the current price target is provided by 1 analyst. New target price is 386% above last closing price of US$0.72. The company is forecast to post a net loss per share of US$1.68 next year compared to a net loss per share of US$0.70 last year.株主還元KINSUS InsuranceUS 市場7D7.9%1.6%1.0%1Y-6.0%-6.7%28.7%株主還元を見る業界別リターン: KINS過去 1 年間で-6.7 % のリターンをもたらしたUS Insurance業界と一致しました。リターン対市場: KINSは、過去 1 年間で28.7 % のリターンを上げたUS市場を下回りました。価格変動Is KINS's price volatile compared to industry and market?KINS volatilityKINS Average Weekly Movement6.5%Insurance Industry Average Movement4.3%Market Average Movement7.2%10% most volatile stocks in US Market16.4%10% least volatile stocks in US Market3.1%安定した株価: KINS 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: KINSの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1886113Meryl Goldenwww.kingstonecompanies.comKingstone Companies, Inc.は子会社のKingstone Insurance Companyを通じて、米国で損害保険商品を提供している。同社は、住宅所有者保険、住宅火災保険、協同組合/コンドミニアム保険、賃貸人保険、個人包括保険などの個人向け保険商品と、商業用自動車保険商品を提供している。また、配車やカーサービス車、タクシー用のハイヤー車両の物的損害のみの保険や、犬の法的責任保険も引き受けている。小売、卸売の代理店やブローカーを通じて商品を提供している。以前はDCAP Group, Inc.として知られ、2009年7月にKingstone Companies, Inc.に社名変更。は1886 年に設立され、ニューヨーク州キングストンに本社を置く。もっと見るKingstone Companies, Inc. 基礎のまとめKingstone Companies の収益と売上を時価総額と比較するとどうか。KINS 基礎統計学時価総額US$231.61m収益（TTM）US$31.08m売上高(TTM)US$224.14m7.4xPER（株価収益率1.0xP/SレシオKINS は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計KINS 損益計算書（TTM）収益US$224.14m売上原価US$176.90m売上総利益US$47.25mその他の費用US$16.17m収益US$31.08m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）2.15グロス・マージン21.08%純利益率13.86%有利子負債／自己資本比率3.6%KINS の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.3%現在の配当利回り7%配当性向KINS 配当は確実ですか？KINS 配当履歴とベンチマークを見るKINS 、いつまでに購入すれば配当金を受け取れますか？Kingstone Companies 配当日配当落ち日May 11 2026配当支払日May 26 2026配当落ちまでの日数13 days配当支払日までの日数2 daysKINS 配当は確実ですか？KINS 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 13:25終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kingstone Companies, Inc. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Robert FarnamBrean Capital Historical (Janney Montgomery)Jon Paul NewsomePiper Sandler Companies
Major Estimate Revision • May 21Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$257.3m to US$254.0m. EPS estimate rose from US$2.30 to US$2.54. Net income forecast to grow 25% next year vs 1.0% growth forecast for Insurance industry in the US. Consensus price target of US$21.50 unchanged from last update. Share price rose 7.6% to US$15.99 over the past week.
Recent Insider Transactions • May 14Independent Non-Executive Chairman recently bought US$440k worth of stockOn the 13th of May, Thomas Newgarden bought around 31k shares on-market at roughly US$14.44 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$843k. Thomas has been a buyer over the last 12 months, purchasing a net total of US$827k worth in shares.
New Risk • May 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • May 11First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: US$0.40 loss per share (down from US$0.29 profit in 1Q 2025). Revenue: US$59.8m (up 23% from 1Q 2025). Net loss: US$5.81m (down 250% from profit in 1Q 2025). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 09Kingstone Companies, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2026Kingstone Companies, Inc. reaffirmed earnings guidance for the fiscal year 2026. For the year, the company expected net income per share – diluted to be in the range of $2.20 to $2.90.
Upcoming Dividend • May 04Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 3.4% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.6%).
Major Estimate Revision • May 21Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$257.3m to US$254.0m. EPS estimate rose from US$2.30 to US$2.54. Net income forecast to grow 25% next year vs 1.0% growth forecast for Insurance industry in the US. Consensus price target of US$21.50 unchanged from last update. Share price rose 7.6% to US$15.99 over the past week.
Recent Insider Transactions • May 14Independent Non-Executive Chairman recently bought US$440k worth of stockOn the 13th of May, Thomas Newgarden bought around 31k shares on-market at roughly US$14.44 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$843k. Thomas has been a buyer over the last 12 months, purchasing a net total of US$827k worth in shares.
New Risk • May 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • May 11First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: US$0.40 loss per share (down from US$0.29 profit in 1Q 2025). Revenue: US$59.8m (up 23% from 1Q 2025). Net loss: US$5.81m (down 250% from profit in 1Q 2025). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 09Kingstone Companies, Inc. Reaffirms Earnings Guidance for the Fiscal Year 2026Kingstone Companies, Inc. reaffirmed earnings guidance for the fiscal year 2026. For the year, the company expected net income per share – diluted to be in the range of $2.20 to $2.90.
Upcoming Dividend • May 04Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 3.4% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.6%).
お知らせ • Apr 29Kingstone Companies, Inc. Announces Quarterly Cash Dividend, Payable on May 26, 2026Kingstone Companies, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock. The Company will pay the dividend on May 26, 2026, to stockholders of record at the close of business on May 11, 2026.
Recent Insider Transactions Derivative • Apr 19Independent Director notifies of intention to sell stockWilliam Yankus intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of April. If the sale is conducted around the recent share price of US$17.97, it would amount to US$243k. Since June 2025, William's direct individual holding has increased from 91.83k shares to 95.32k. Company insiders have collectively bought US$1.3m more than they sold, via options and on-market transactions, in the last 12 months.
お知らせ • Apr 17Kingstone Companies, Inc. to Report Q1, 2026 Results on May 07, 2026Kingstone Companies, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$17.68, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Insurance industry in the US. Total returns to shareholders of 1,376% over the past three years.
Recent Insider Transactions • Mar 15Insider recently bought US$843k worth of stockOn the 10th of March, Gregory Fortunoff bought around 54k shares on-market at roughly US$15.64 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.2m more in shares than they have sold in the last 12 months.
Reported Earnings • Mar 08Full year 2025 earnings released: EPS: US$2.93 (vs US$1.60 in FY 2024)Full year 2025 results: EPS: US$2.93 (up from US$1.60 in FY 2024). Revenue: US$212.9m (up 37% from FY 2024). Net income: US$40.8m (up 122% from FY 2024). Profit margin: 19% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Combined ratio: 75.0% (down from 80.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Mar 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
お知らせ • Mar 06Kingstone Companies, Inc. Updates Earnings Guidance for the Fiscal Year 2026Kingstone Companies, Inc. updated earnings guidance for the fiscal year 2026. For the period, the company expects Net income per share – diluted to be in the range of $2.20 to $2.90.
分析記事 • Feb 05Should You Be Adding Kingstone Companies (NASDAQ:KINS) To Your Watchlist Today?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Upcoming Dividend • Feb 04Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 11 February 2026. Payment date: 26 February 2026. Payout ratio is a comfortable 2.1% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.5%).
お知らせ • Jan 30Kingstone Companies, Inc. Announces Quarterly Cash Dividend, Payable on February 26, 2026Kingstone Companies, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock. The Company will pay the dividend on February 26, 2026, to stockholders of record at the close of business on February 11, 2026.
Reported Earnings • Nov 07Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$0.77 (up from US$0.61 in 3Q 2024). Revenue: US$55.7m (up 37% from 3Q 2024). Net income: US$10.9m (up 56% from 3Q 2024). Profit margin: 20% (up from 17% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 103% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 07+ 1 more updateKingstone Companies, Inc. Revises Earnings Guidance for the Fiscal Year 2025Kingstone Companies, Inc. revised earnings guidance for the fiscal year 2025. For the year, the company expects Net income per share – basic to be $2.30 to $2.70 compared to previous guidance of $2.10 to $2.50. Net income per share – diluted to be $2.20 to $2.60 compared to previous guidance of $1.95 to $2.35. Direct premiums written growth to be 12% to 17%.
Major Estimate Revision • Oct 18Consensus revenue estimates decrease by 12%, EPS upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$213.1m to US$187.5m. EPS estimate increased from US$2.23 to US$2.33 per share. Net income forecast to grow 23% next year vs 16% growth forecast for Insurance industry in the US. Consensus price target of US$22.00 unchanged from last update. Share price was steady at US$14.47 over the past week.
お知らせ • Oct 17Kingstone Companies, Inc. to Report Q3, 2025 Results on Nov 06, 2025Kingstone Companies, Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025
Seeking Alpha • Sep 26Kingstone Companies: Disciplined Underwriting Capabilities With Visible Growth CatalystsSummary Kingstone Companies is refocusing on homeowners insurance in New York, exiting non-core lines to improve capital efficiency and market understanding. KINS launched a Select homeowners product using advanced underwriting techniques, resulting in ~31% lower claim frequency and a significantly reduced expense ratio since 2021. The company diversified reinsurance by issuing its first catastrophe bond, aiming to reduce loss volatility and strengthen financial resilience. With major competitors exiting the NY market, KINS secured renewal rights from AmGUARD, potentially increasing its revenue base by over 30%. Read the full article on Seeking Alpha
Major Estimate Revision • Sep 03Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$187.9m to US$213.1m. EPS estimate increased from US$2.10 to US$2.23 per share. Net income forecast to grow 21% next year vs 13% growth forecast for Insurance industry in the US. Consensus price target of US$22.00 unchanged from last update. Share price was steady at US$13.47 over the past week.
Reported Earnings • Aug 10Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.81 (up from US$0.41 in 2Q 2024). Revenue: US$52.3m (up 43% from 2Q 2024). Net income: US$11.3m (up 149% from 2Q 2024). Profit margin: 22% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 05Kingstone Companies, Inc. Appoints Randy L. Patten as Chief Financial Officer, Effective August 25, 2025Kingstone Companies, Inc. announced the appointment of Randy L. Patten as chief financial officer, effective August 25, 2025. Patten joins the Northeast regional property and casualty insurance holding company from NEXT Insurance Inc., where he served as vice president, chief accounting officer and treasurer. At NEXT Insurance, he participated in the company's $2.6 billion acquisition by ERGO Group AG, a subsidiary of MunichRe. Patten earned a Bachelor of Arts degree in accounting and business management from Central College in Iowa. As CFO, Patten will oversee Kingstone's finance organization, including GAAP and statutory accounting, financial planning and analysis, capital management, compliance, SEC filings coordination, tax, investor relations, investments and treasury functions.
Upcoming Dividend • Aug 04Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 11 August 2025. Payment date: 26 August 2025. The company last paid an ordinary dividend in August 2014. The average dividend yield among industry peers is 2.1%.
分析記事 • Jul 19Take Care Before Diving Into The Deep End On Kingstone Companies, Inc. (NASDAQ:KINS)With a median price-to-sales (or "P/S") ratio of close to 1.2x in the Insurance industry in the United States, you...
お知らせ • Jul 18Kingstone Companies, Inc. to Report Q2, 2025 Results on Aug 07, 2025Kingstone Companies, Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025
お知らせ • Jun 27Kingstone Companies, Inc., Annual General Meeting, Aug 06, 2025Kingstone Companies, Inc., Annual General Meeting, Aug 06, 2025.
Price Target Changed • May 28Price target increased by 22% to US$22.00Up from US$18.00, the current price target is provided by 1 analyst. New target price is 34% above last closing price of US$16.43. Stock is up 232% over the past year. The company is forecast to post earnings per share of US$2.10 for next year compared to US$1.60 last year.
Recent Insider Transactions • May 21Independent Director recently sold US$87k worth of stockOn the 16th of May, Carla D'Andre sold around 5k shares on-market at roughly US$17.47 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$79k more than they bought in the last 12 months.
分析記事 • May 18Here's Why We Think Kingstone Companies (NASDAQ:KINS) Is Well Worth WatchingThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Recent Insider Transactions Derivative • May 18Independent Director notifies of intention to sell stockWilliam Yankus intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of May. If the sale is conducted around the recent share price of US$17.20, it would amount to US$258k. Since June 2024, William's direct individual holding has increased from 77.20k shares to 91.83k. Company insiders have collectively bought US$8.6k more than they sold, via options and on-market transactions, in the last 12 months.
Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$17.32, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 290% over the past three years.
Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.29 (up from US$0.13 in 1Q 2024). Revenue: US$50.5m (up 41% from 1Q 2024). Net income: US$3.88m (up 172% from 1Q 2024). Profit margin: 7.7% (up from 4.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 145%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$20.12, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 394% over the past three years.
お知らせ • Apr 25Kingstone Companies, Inc. to Report Q1, 2025 Results on May 08, 2025Kingstone Companies, Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025
お知らせ • Apr 02+ 1 more updateKingstone Companies, Inc. Provides Earnings Guidance for the Year 2025Kingstone Companies, Inc. provided earnings guidance for the year 2025. The company expects core business direct premiums written growth to be 15% to 25%, net income per share - basic to be $1.90 to $2.30 and net income per share - diluted to be $1.75 to $2.15.
Major Estimate Revision • Mar 27Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$195.9m to US$187.6m. EPS estimate rose from US$1.80 to US$2.00. Net income forecast to grow 55% next year vs 6.7% growth forecast for Insurance industry in the US. Consensus price target up from US$18.00 to US$19.00. Share price rose 8.0% to US$16.67 over the past week.
Price Target Changed • Mar 26Price target increased by 12% to US$19.00Up from US$17.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$16.67. Stock is up 329% over the past year. The company is forecast to post earnings per share of US$2.00 for next year compared to US$1.60 last year.
お知らせ • Mar 20Kingstone Companies, Inc. Announces Cessation of Timothy Mcfadden as DirectorOn March 12, 2025, Timothy McFadden, a director of Kingstone Companies, Inc. (the “Company”), informed the Board of Directors of the Company (the “Board”) that he will not be seeking re-election to the Board at the 2025 annual meeting of stockholders. Mr. McFadden’s decision not to stand for re-election was for personal reasons and not a result of any disagreement with the Company.
New Risk • Mar 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding).
Reported Earnings • Mar 14Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$1.60 (up from US$0.57 loss in FY 2023). Revenue: US$155.1m (up 7.6% from FY 2023). Net income: US$18.4m (up US$24.5m from FY 2023). Profit margin: 12% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$15.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 193% over the past three years.
お知らせ • Feb 25Kingstone Companies, Inc. to Report Q4, 2024 Results on Mar 13, 2025Kingstone Companies, Inc. announced that they will report Q4, 2024 results After-Market on Mar 13, 2025
New Risk • Feb 16New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$246k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (US$246k sold).
分析記事 • Feb 07Kingstone Companies, Inc. (NASDAQ:KINS) Stock Rockets 26% But Many Are Still Ignoring The CompanyDespite an already strong run, Kingstone Companies, Inc. ( NASDAQ:KINS ) shares have been powering on, with a gain of...
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$16.99, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Insurance industry in the US. Total returns to shareholders of 241% over the past three years.
Major Estimate Revision • Jan 22Consensus revenue estimates decrease by 17%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$156.8m to US$130.6m. EPS estimate unchanged from US$1.48 per share at last update. Insurance industry in the US expected to see average net income growth of 12% next year. Consensus price target up from US$17.00 to US$18.00. Share price was steady at US$15.42 over the past week.
お知らせ • Jan 08Kingstone Companies, Inc. has filed a Follow-on Equity Offering in the amount of $25 million.Kingstone Companies, Inc. has filed a Follow-on Equity Offering in the amount of $25 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
New Risk • Dec 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding).
Recent Insider Transactions Derivative • Dec 10Independent Director notifies of intention to sell stockWilliam Yankus intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of December. If the sale is conducted around the recent share price of US$16.21, it would amount to US$166k. Since March 2024, William has owned 77.20k shares directly. Company insiders have collectively bought US$174k more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions • Nov 22Independent Non-Executive Chairman recently bought US$195k worth of stockOn the 21st of November, Thomas Newgarden bought around 15k shares on-market at roughly US$12.87 per share. This transaction increased Thomas' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months.
Major Estimate Revision • Nov 21Consensus revenue estimates increase by 21%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$129.9m to US$156.8m. EPS estimate increased from US$1.44 to US$1.48 per share. Net income forecast to grow 26% next year vs 14% growth forecast for Insurance industry in the US. Consensus price target up from US$13.50 to US$17.00. Share price rose 28% to US$13.83 over the past week.
Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$13.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Insurance industry in the US. Total returns to shareholders of 187% over the past three years.
Recent Insider Transactions Derivative • Nov 17Chief Accounting Officer exercised options and sold US$69k worth of stockOn the 14th of November, Victor Brodsky exercised 26.06k options at around US$7.99, then sold 17k of the shares acquired at an average of US$11.92 per share and kept the remainder. Since June 2024, Victor has owned 55.96k shares directly. Company insiders have collectively bought US$5.3k more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Nov 14Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: US$0.65 (up from US$0.33 loss in 3Q 2023). Revenue: US$40.8m (up 19% from 3Q 2023). Net income: US$6.98m (up US$10.5m from 3Q 2023). Profit margin: 17% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
分析記事 • Nov 07Revenues Tell The Story For Kingstone Companies, Inc. (NASDAQ:KINS) As Its Stock Soars 31%Despite an already strong run, Kingstone Companies, Inc. ( NASDAQ:KINS ) shares have been powering on, with a gain of...
Major Estimate Revision • Nov 01Consensus EPS estimates increase by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$126.8m to US$129.9m. EPS estimate increased from US$1.10 to US$1.44 per share. Net income forecast to grow 202% next year vs 10% growth forecast for Insurance industry in the US. Consensus price target up from US$10.50 to US$13.50. Share price rose 8.6% to US$10.62 over the past week.
お知らせ • Oct 29Kingstone Companies, Inc. to Report Q3, 2024 Results on Nov 12, 2024Kingstone Companies, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024
新しいナラティブ • Sep 28Tactical Premium Adjustments And Selective Underwriting Fuel Growth And Margin Expansion Kingstone's focus on adjusting premiums and selective underwriting aims to enhance revenue growth and net margins by prioritizing quality over quantity.
お知らせ • Aug 30Kingstone Companies, Inc. Announces Management ChangesKingstone Companies, Inc. announced that Barry Goldstein, its long-time Chairman of the Board of Directors, will retire effective September 10, 2024. Thomas Newgarden, who joined the Company's board earlier this year, will become Kingstone's Non-Executive Chairman concurrent with Mr. Goldstein's departure. Mr. Goldstein has served as the Company's Chairman of the Board since March 2001 and served as its Chief Executive Officer from March 2001 to December 2018 and from July 2019 to September 2023. He has been the Chairman of Kingstone Insurance Company, the Company's operating insurance company subsidiary, for the past eighteen years. A few years after joining Kingstone, Mr. Goldstein led the Company (then an insurance agency) to a Nasdaq listing in October 2004. In 2005, after the Company acquired the $3.75 million of surplus notes issued by Commercial Mutual Insurance Company ("CMIC"), an insurance company, he became CMIC's Chairman and engineered its demutualization. Determined to focus solely on underwriting, the Company sold off its agency and premium finance assets and acquired 100% equity ownership of CMIC in July 2009 (renaming it Kingstone Insurance Company ("KICO"), with the parent company being named Kingstone Companies, Inc.). Over the subsequent fifteen years, KICO grew to write over $200 million in annual premiums and become the 15th largest writer of homeowners insurance in New York State. KICO recently reported the most profitable quarter in its 138-year history.
Major Estimate Revision • Aug 21Consensus revenue estimates decrease by 17%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$152.4m to US$126.8m. EPS estimate increased from US$1.01 to US$1.03 per share. Net income forecast to grow 151% next year vs 16% growth forecast for Insurance industry in the US. Consensus price target up from US$9.00 to US$10.50. Share price rose 37% to US$11.47 over the past week.
Reported Earnings • Aug 16Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.41 (up from US$0.049 loss in 2Q 2023). Revenue: US$36.5m (flat on 2Q 2023). Net income: US$4.51m (up US$5.04m from 2Q 2023). Profit margin: 12% (up from net loss in 2Q 2023). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.
New Risk • Aug 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (US$81.2m market cap).
お知らせ • Jul 29Kingstone Companies, Inc. to Report Q2, 2024 Results on Aug 12, 2024Kingstone Companies, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 12, 2024
分析記事 • Jul 24Investors Still Aren't Entirely Convinced By Kingstone Companies, Inc.'s (NASDAQ:KINS) Revenues Despite 27% Price JumpDespite an already strong run, Kingstone Companies, Inc. ( NASDAQ:KINS ) shares have been powering on, with a gain of...
お知らせ • Jun 19Kingstone Companies, Inc. Appoints Thomas Newgarden to its Board of DirectorsKingstone Companies, Inc. announced the appointment of Thomas "Tom" Newgarden to its Board of Directors. Mr. Newgarden is an analytics-driven insurance executive with over 30 years of experience, leading efforts to profitably grow carriers across the property and casualty spectrum, with a primary focus on personal lines. His areas of expertise include predictive modeling/data science, product management/development segmentation, Insurtech/business development, underwriting, and actuarial disciplines. Mr. Newgarden played an instrumental role in the successful acquisition and rehabilitation of National General Insurance (formerly GMAC insurance), including Executive Vice President and Chief Underwriting Officer, Chief Analytics Officer, and President of National General Preferred, culminating in the successful sale to Allstate Insurance. Prior to National General, Mr. Newgarden enjoyed similar achievements in profitable growth as Senior Vice President and Chief Underwriting Officer at AIG Private Client Group, Senior Vice President of Personal Lines at Safeco Insurance, and Vice President of Underwriting at Plymouth Rock Assurance. Since leaving Allstate in 2022, Mr. Newgarden has primarily worked as a consultant and advisor to carriers and other insurance entities including Jerry Insurance and Aspire General Insurance. Previously, his Board experience included the Insurance Institute for Highway Safety and National Highway Traffic Safety Administration, among others. Mr. Newgarden graduated with a bachelor's degree in economics/mathematics from Binghamton University.
お知らせ • Jun 08Kingstone Companies, Inc., Annual General Meeting, Aug 07, 2024Kingstone Companies, Inc., Annual General Meeting, Aug 07, 2024. Location: 15 joys lane, new york 12401, kingston United States
Reported Earnings • May 14First quarter 2024 earnings released: EPS: US$0.13 (vs US$0.47 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.13 (up from US$0.47 loss in 1Q 2023). Revenue: US$35.8m (down 2.4% from 1Q 2023). Net income: US$1.43m (up US$6.48m from 1Q 2023). Profit margin: 4.0% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
分析記事 • May 07Kingstone Companies, Inc.'s (NASDAQ:KINS) Price Is Right But Growth Is LackingKingstone Companies, Inc.'s ( NASDAQ:KINS ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing...
お知らせ • May 01Kingstone Companies, Inc. to Report Q1, 2024 Results on May 13, 2024Kingstone Companies, Inc. announced that they will report Q1, 2024 results After-Market on May 13, 2024
お知らせ • Apr 10Kingstone Companies, Inc. Appoints Manmohan Singh to Its Board of DirectorsKingstone Companies, Inc. announced the appointment of Manmohan "Manu" Singh to its Board of Directors. Mr. Singh's appointment was in accordance with the terms outlined in an agreement between the Company and certain noteholders, pursuant to which the noteholders have the right to nominate one person to serve as a member of the Company's Board of Directors. Mr. Singh is the Group Chief Financial Officer and Head of Corporate Development for Angel Oak Companies, overseeing financial operations, including accounting and treasury, for all of Angel Oak's subsidiaries. He is also a member of the Angel Oak Enterprise Risk Management Committee. Previously, he was a Director in the Insurance Investment Banking team at New York-based Sandler O'Neill & Partners, which was an investment bank specializing in financial institutions that merged with Piper Jaffray Companies to form Piper Sandler Companies. During his 12 years with Sandler O'Neill, Mr. Singh worked extensively in the insurance sector, advising them on capital raising and M&A related matters. Manu has been involved with several key M&A transactions, including those involving private equity buyers and alternative asset managers making forays into the life and annuity sector. Mr. Singh holds a Master of Business Administration from the Indiana University Kelley School of Business, a Master of Science in Finance from the Department of Financial Studies at the University of Delhi, and a Bachelor of Engineering from Deenbandhu Chhotu Ram University of Science and Technology in India.
New Risk • Apr 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$13m free cash flow). Earnings have declined by 41% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (US$50.6m market cap).
Reported Earnings • Mar 29Full year 2023 earnings released: US$0.57 loss per share (vs US$2.12 loss in FY 2022)Full year 2023 results: US$0.57 loss per share (improved from US$2.12 loss in FY 2022). Revenue: US$144.2m (up 11% from FY 2022). Net loss: US$6.17m (loss narrowed 73% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 28Kingstone Companies, Inc. to Report Q4, 2023 Results on Mar 27, 2024Kingstone Companies, Inc. announced that they will report Q4, 2023 results After-Market on Mar 27, 2024
Board Change • Feb 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. President, CEO, COO & Director Meryl Golden was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 15Kingstone Companies, Inc. announced delayed 10-Q filingOn 11/14/2023, Kingstone Companies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Oct 19Kingstone Companies, Inc. to Report Q3, 2023 Results on Nov 09, 2023Kingstone Companies, Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023
New Risk • Oct 01New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$14m Forecast net loss in 1 year: US$2.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.7m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$19.3m market cap).
New Risk • Aug 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (US$14.4m market cap).
Reported Earnings • Aug 13Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: US$0.049 loss per share (improved from US$0.51 loss in 2Q 2022). Revenue: US$36.7m (up 27% from 2Q 2022). Net loss: US$522.0k (loss narrowed 90% from 2Q 2022). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 5.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance.
New Risk • Aug 12New major risk - Revenue and earnings growthEarnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks High level of debt (40% net debt to equity). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$14.4m market cap).
お知らせ • Aug 10+ 1 more updateKingstone Companies, Inc. Announces Executive ChangesKingstone Companies, Inc. announced that Meryl Golden has been appointed to the position Chief Executive Officer effective October 1, 2023, when current CEO Barry Goldstein will step down and continue as Chairman of Kingstone's Board of Directors. Ms. Golden is currently Chief Operating Officer of Kingstone and is the President of Kingstone Insurance Company. She joined Kingstone in September 2019 and has led the efforts to modernize the Company and its products, reduce its costs and manage through the volatility of the property market in the Northeast. Mr. Goldstein joined Kingstone (then known as DCAP Group, Inc., a regional insurance brokerage business) in 2001. From 2005 to 2009, he led the efforts to transform the Company to an underwriting enterprise. In July 2009, the conversion of the former Commercial Mutual Insurance Company was completed and, in advance of such, the Company disposed of its brokerage and premium finance businesses. Operating solely as a property and casualty insurance company since then, Kingstone's premiums are now over $200 million, and it has grown from insuring approximately 12,000 homeowners to over 80,000 homes in the Northeast.
お知らせ • Jul 14Kingstone Companies, Inc. to Report Q2, 2023 Results on Aug 10, 2023Kingstone Companies, Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023
Major Estimate Revision • May 18Consensus EPS estimates fall by 124%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$120.6m to US$117.5m. Losses expected to increase from US$0.25 per share to US$0.56. Insurance industry in the US expected to see average net income growth of 36% next year. Consensus price target of US$1.20 unchanged from last update. Share price rose 2.0% to US$1.50 over the past week.
Reported Earnings • May 12First quarter 2023 earnings released: US$0.47 loss per share (vs US$0.86 loss in 1Q 2022)First quarter 2023 results: US$0.47 loss per share (improved from US$0.86 loss in 1Q 2022). Revenue: US$36.6m (up 28% from 1Q 2022). Net loss: US$5.05m (loss narrowed 45% from 1Q 2022). Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 6.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 02Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: US$2.12 loss per share (further deteriorated from US$0.70 loss in FY 2021). Revenue: US$130.2m (down 19% from FY 2021). Net loss: US$22.5m (loss widened 205% from FY 2021). Combined ratio: 113.3% (up from 111.5% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 4.1% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 5.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
お知らせ • Jan 25Kingstone Companies, Inc. to Report Q4, 2022 Results on Mar 30, 2023Kingstone Companies, Inc. announced that they will report Q4, 2022 results After-Market on Mar 30, 2023
お知らせ • Jan 18Kingstone Companies, Inc. Appoints Jennifer Gravelle as Chief Financial OfficerKingstone Companies, Inc. announced that Jennifer Gravelle has been appointed Chief Financial Officer as of January 17, 2023. Gravelle brings to Kingstone more than 20 years of leadership experience in the P&C insurance industry and expertise in coastal-focused property insurance specifically. Most recently, she served as CFO of Slide Insurance, and previously served as CFO of both Allied Trust Insurance Company and Olympus Insurance Company. Gravelle has over 22 years of experience in the P&C insurance industry. She most recently led finance operations, accounting, and forecasting as CFO of Slide Insurance, a full-stack insurtech organization. Before that, she served as CFO of Allied Trust Insurance Company, a personal property insurance organization, and held roles of increasing responsibility at Olympus Insurance Company, also a personal property insurance company, including CFO. Earlier in her career she was with HomeWise Insurance Group as the Controller. Gravelle is experienced in both GAAP and STAT accounting and has a reputation of achieving long-term shareholder value in both start-up and large-scale environments. She earned a Bachelor of Science in Accounting from Champlain College.
お知らせ • Jan 08Gregory Fortunoff Sends Letter to the Board of Kingstone CompaniesOn January 4, 2023, Gregory Fortunoff submitted a letter to the Directors of Kingstone Companies, Inc. In the letter, Gregory Fortunoff stated that he would do whatever he has to do in order to protect the current investment and take actions that he believes are in the best interests of all shareholders. Gregory Fortunoff added that he stands ready to engage with the current management and Board regarding his request for board representation, while at the same time, he would be preparing for the proxy action that he believes would be necessary to effect meaningful and positive change.
お知らせ • Dec 30Kingstone Companies, Inc. Announces Executive ChangesKingstone Companies, Inc. announced that on December 21, 2022, Richard Swartz, Chief Accounting Officer and Treasurer of the company, advised the Company of his desire to resign for personal reasons to pursue other opportunities. Mr. Swartz’s resignation will be effective as of December 31, 2022. Victor Brodsky, an accounting consultant to the Company and formerly its Chief Financial Officer, will be assuming Mr. Swartz’s accounting responsibilities on an interim basis.
Major Estimate Revision • Nov 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$108.7m to US$112.1m. Forecast EPS reduced from -US$1.45 to -US$1.68 per share. Insurance industry in the US expected to see average net income growth of 18% next year. Consensus price target down from US$5.00 to US$3.50. Share price fell 44% to US$0.93 over the past week.
お知らせ • Nov 19Gregory Fortunoff Sends a Letter to Kingstone Companies IncOn November 18, 2022, Gregory Fortunoff announced that he has sent a letter to Kingstone Companies Inc, highlighting the management actions against the potential buyers during negotiation. In addition, Gregory Fortunoff stated that in considering the actions of current CEO and board, to regain footing he would do the necessary steps to replace the board in the next election with a diversified slate of insurance and financially savvy people, remove Barry Goldstein as chairman and CEO, appoint Meryl Golden as chairman and CEO, management and the board will be transparent and respect the fact that they are running a public company.
Reported Earnings • Nov 16Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: US$0.38 loss per share (improved from US$1.01 loss in 3Q 2021). Revenue: US$35.5m (down 8.8% from 3Q 2021). Net loss: US$4.00m (loss narrowed 62% from 3Q 2021). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 55% per year, which means it has not declined as severely as earnings.
Price Target Changed • Nov 16Price target decreased to US$3.50Down from US$5.00, the current price target is provided by 1 analyst. New target price is 386% above last closing price of US$0.72. The company is forecast to post a net loss per share of US$1.68 next year compared to a net loss per share of US$0.70 last year.
