Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company ('KICO'). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO offers primarily personal lines insurance products in New York, New Jersey, Rhode Island, Massachusetts, and Connecticut. Kingstone is also licensed in Pennsylvania, New Hampshire and Maine.
Company profile
Ticker
KINS
Exchange
Website
CEO
Barry B. Goldstein
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DCAP GROUP INC, DCAP GROUP INC/, EXTECH CORP
SEC CIK
Corporate docs
IRS number
362476480
KINS stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
6 Mar 23
8-K
Results of Operations and Financial Condition
1 Feb 23
8-K
Regulation FD Disclosure
24 Jan 23
8-K
Departure of Directors or Certain Officers
17 Jan 23
8-K
Departure of Directors or Certain Officers
28 Dec 22
8-K
Regulation FD Disclosure
22 Dec 22
8-K
Entry into a Material Definitive Agreement
12 Dec 22
8-K
Results of Operations and Financial Condition
14 Nov 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Regulation FD Disclosure
17 Oct 22
Transcripts
KINS
Earnings call transcript
2022 Q3
15 Nov 22
KINS
Earnings call transcript
2022 Q2
12 Aug 22
KINS
Earnings call transcript
2022 Q1
13 May 22
KINS
Earnings call transcript
2021 Q4
11 Mar 22
KINS
Earnings call transcript
2021 Q3
12 Nov 21
KINS
Earnings call transcript
2021 Q2
13 Aug 21
KINS
Earnings call transcript
2021 Q1
14 May 21
KINS
Earnings call transcript
2020 Q4
19 Mar 21
KINS
Earnings call transcript
2020 Q3
9 Nov 20
KINS
Earnings call transcript
2020 Q2
7 Aug 20
Latest ownership filings
SC 13G/A
FORTUNOFF GREGORY
7 Mar 23
SC 13G/A
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
13 Feb 23
4
Meryl S. Golden
25 Jan 23
SC 13G/A
TCW GROUP INC
25 Jan 23
4
JENNIFER GRAVELLE
18 Jan 23
3
JENNIFER GRAVELLE
18 Jan 23
SC 13D/A
FORTUNOFF GREGORY
6 Jan 23
4
TIMOTHY P MCFADDEN
4 Jan 23
4
William L Yankus
4 Jan 23
4
Floyd R Tupper
4 Jan 23
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 15.11 mm | 15.11 mm | 15.11 mm | 15.11 mm | 15.11 mm | 15.11 mm |
| Cash burn (monthly) | (no burn) | 1.75 mm | 1.52 mm | 1.67 mm | (no burn) | 1.05 mm |
| Cash used (since last report) | n/a | 10.48 mm | 9.10 mm | 9.98 mm | n/a | 6.32 mm |
| Cash remaining | n/a | 4.63 mm | 6.01 mm | 5.13 mm | n/a | 8.80 mm |
| Runway (months of cash) | n/a | 2.6 | 4.0 | 3.1 | n/a | 8.3 |
Institutional ownership, Q4 2022
2.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 26 |
| Opened positions | 6 |
| Closed positions | 5 |
| Increased positions | 10 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 2.37 bn |
| Total shares | 3.17 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Griffin Highline Capital | 595.24 k | $985.00 k |
| TCW | 530.24 k | $715.82 mm |
| Renaissance Technologies | 347.49 k | $469.00 k |
| Gator Capital Management | 342.25 k | $462.03 mm |
| Vanguard | 328.20 k | $443.06 mm |
| Dimensional Fund Advisors | 296.55 k | $401.00 k |
| Salzhauer Michael | 150.18 k | $202.74 mm |
| BLK Blackrock | 145.83 k | $196.88 mm |
| Millennium Management | 90.04 k | $122.00 k |
| Advisor | 76.33 k | $103.00 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Jan 23 | Jennifer Gravelle | Common Stock | Grant | Acquire A | No | No | 0 | 14,535 | 0.00 | 14,535 |
| 3 Jan 23 | Carla D'Andre | Common Stock | Grant | Acquire A | Yes | No | 0 | 39,259 | 0.00 | 63,954 |
| 3 Jan 23 | Tupper Floyd R | Common Stock | Grant | Acquire A | No | No | 0 | 39,259 | 0.00 | 86,955 |
| 3 Jan 23 | William L Yankus | Common Stock | Grant | Acquire A | No | No | 0 | 39,259 | 0.00 | 77,204 |
News
Insurance Stocks Moving In Wednesday's Intraday Session
15 Mar 23
Insurance Stocks Moving In Thursday's Intraday Session
9 Mar 23
Insurance Stocks Moving In Monday's Intraday Session
6 Mar 23
Insurance Stocks Moving In Monday's Intraday Session
27 Feb 23
Insurance Stocks Moving In Friday's Intraday Session
24 Feb 23
Press releases
Kingstone Announces Corporate Governance Changes
8 Mar 23
Kingstone Adds Board Observer
6 Mar 23
Kingstone Announces Estimated Fourth Quarter 2022 Catastrophe Losses
1 Feb 23
Kingstone Schedules 2022 Fourth Quarter and Full Year Financial Results Conference Call
24 Jan 23
Kingstone Appoints Jennifer Gravelle as Chief Financial Officer
17 Jan 23