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Kingstone Companies Inc

Kingstone Companies Inc

KINS
$19.25USD↓-0.47%-0.09 today

MARKET CAP

278.7M

P/E (TTM)

7.7x

FWD P/E

6.6x

DAY RANGE

$19 – $20

52W RANGE

$13
$21

AI Summary

Stalk
Sell NowMedium

Distribution in Stage 3, confirmed by a support failure pattern and a break below short-term EMAs, creates a medium-term bearish bias with immediate sell conditions. Long-term uptrend remains intact but does not prevent further downside. We recommend an immediate sell on the breakdown.

  • ↑Net income hit $15.5M, up 37% YoY; EPS rose 35% to $1.05
  • ↑Direct premiums written grew 19% YoY to $72.5M; full-year guidance at 16–20% growth
  • ↓Profitability margins weaken amid a negative profitability factor, raising sustainability concerns
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The case for & against

Bull & Bear analysis

Bullish

Kingstone Companies, Inc. (NASDAQ: KINS) is a property and casualty insurance firm primarily serving the personal lines market in New York. The company emphasizes innovative insurance solutions while maintaining strong relationships with producers, allowing it to effectively navigate the cyclical nature of the insurance market. Recently, Kingstone has been expanding its geographic footprint, entering new markets such as California and Connecticut, diversifying its catastrophe exposure, and positioning itself as a growing competitor in the insurance industry.

Bull says

  • ↑Net income hit $15.5M, up 37% YoY; EPS rose 35% to $1.05
  • ↑Direct premiums written grew 19% YoY to $72.5M; full-year guidance at 16–20% growth
  • ↑Combined ratio improved to 70.2%, reflecting disciplined underwriting efficiency
  • ↑Quarterly dividend increased 20%, signaling strong capital return and healthy cash flow
  • ↑Entry into California and planned Connecticut expansion diversifies catastrophe exposure
  • ↑High earnings yield, strong growth factors and robust balance sheet quality with low leverage risk

Bear says

  • ↓Profitability margins weaken amid a negative profitability factor, raising sustainability concerns
  • ↓Competitive pressures in New York dwelling fire policies may curtail premium growth
  • ↓California market entry risks include regulatory shifts and entrenched competitors
  • ↓Regulatory uncertainty in California adds complexity to expansion plans
  • ↓Negative dividend yield factor may deter income-focused investors despite recent increase
  • ↓Small-cap size and high short interest signal limited liquidity and investor skepticism

Investment themes with KINS

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PAGS · CMCSA · PGR

Earnings Call · Q3 2023 · Mgmt. Guidance

Updated 02-14-2025neutral

Transcript signals

Bull points

  • As such, we've broken down our results between core and non-core, so that you can better understand the results of each segment.
  • the underlying core business is profitable, with a combined ratio of 96.4% for the quarter.
  • Core premiums are growing, up just under 10% year-to-date. Core margins are expanding as average premiums are increasing and cost savings and efficiencies are taking hold.

Bear points

  • For the third quarter of 2023, Kingstone recorded a net loss of $3.5 million or $0.33 per diluted share, improving from a net loss of $4 million or $0.38 per diluted share for the same period last year.
  • The net written premiums were down 4.8% to $52 million, a decrease of $2.6 million from $54.6 million in the prior year period.
  • The net loss and LAE ratio was up 3.5 points from the prior year to 78.5%.
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