KINS · KINGSTONE COMPANIES, INC.
Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States. The company offers personal line of insurance products, such as homeowners, dwelling fire, cooperative/condominiums, renters, and personal umbrella policies; and commercial auto insurance products. It also underwrites for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies. The company provides its products through retail and wholesale agents and brokers. The company was formerly known as DCAP Group, Inc. and changed its name to Kingstone Companies, Inc. in July 2009. Kingstone Companies, Inc. was founded in 1886 and is headquartered in Kingston, New York.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $19.69 |
| SO | 14.5M |
| Options | 0.2M |
| Warrants | 0.0M |
| FD SO | 14.7M |
| MC | $289.1M |
| Cash | $11.4M |
| Total debt | $4.1M ⚠ |
| EV | $281.9M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 1.3x |
| EV / EBITDA | — |
| MC / Net Income | 9.3x |
| EV / FCF | 4.4x |
| MC / FCF | 4.5x |
| Ownership & coverage | |
|---|---|
| Institutional | 54.5% |
| Insiders | 21.4% |
| # Institutions | 144 |
| Analysts | 1 |
| Consensus | — |
| Avg target | $21.50 |
| Short % float | 2.2% |
| Days to cover | 2.33 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-05. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Debt figure uncertain — $162.6M of liabilities are neither recognized debt nor a named non-debt item. Verify against the filing before relying on EV.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 59.78 | 56.42 | 55.65 | 52.29 |
| Revenue YoY % | 18.4% | 34.0% | 36.5% | 43.3% |
| Pretax Income | (7.40) | 18.45 | 13.71 | 14.17 |
| Tax Provision | (1.59) | 3.69 | 2.83 | 2.91 |
| Net Income | (5.81) | 14.76 | 10.87 | 11.25 |
| Net Margin % | (9.7%) | 26.2% | 19.5% | 21.5% |
| Diluted EPS | -$0.40 | $1.06 | $0.74 | $0.78 |
| Basic EPS | -$0.40 | $1.05 | $0.77 | $0.81 |
| Diluted Avg Shares | 14.5 | — | 14.6 | 14.4 |
| Basic Avg Shares | 14.5 | — | 14.1 | 13.9 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 224.14 | 214.87 | 155.14 | 144.19 | 130.16 |
| Revenue YoY % | 4.3% | 38.5% | 7.6% | 10.8% | — |
| Gross Profit | — | 102.86 | 65.86 | 31.54 | 25.99 |
| Gross Profit YoY % | — | 56.2% | 108.9% | 21.3% | — |
| Gross Margin % | — | 47.9% | 42.5% | 21.9% | 20.0% |
| Interest Expense | — | — | — | 4.00 | 2.02 |
| Pretax Income | 38.93 | 51.05 | 23.29 | (7.37) | (27.94) |
| Tax Provision | 7.85 | 10.28 | 4.93 | (1.20) | (5.42) |
| Net Income | 31.08 | 40.77 | 18.36 | (6.17) | (22.52) |
| Net Margin % | 13.9% | 19.0% | 11.8% | (4.3%) | (17.3%) |
| Diluted EPS | $2.18 | $2.88 | $1.48 | -$0.57 | -$2.12 |
| Basic EPS | $2.23 | $2.93 | $1.60 | -$0.57 | -$2.12 |
| Diluted Avg Shares | 14.5 | 14.1 | 12.4 | 10.8 | 10.6 |
| Basic Avg Shares | 14.5 | 13.9 | 11.5 | 10.8 | 10.6 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 11.36 | 12.18 | 26.77 | 33.71 |
| Net PPE | 8.02 | 7.90 | 7.86 | 7.85 |
| Operating Lease ROU | 0.13 | 0.14 | 0.15 | 0.17 |
| Intangible Assets | 0.50 | 0.50 | 0.50 | 0.50 |
| Other Assets | 445.34 | 432.71 | 393.30 | 351.18 |
| Total Assets | 465.34 | 453.43 | 428.59 | 393.42 |
| Current Debt | 1.32 | 1.30 | 1.28 | 1.26 |
| Current Lease Liabilities | 0.13 | 0.14 | 0.15 | 0.17 |
| Long-term Debt | 2.81 | 3.14 | 3.47 | 3.80 |
| Other Liabilities | 346.58 | 326.12 | 316.03 | 293.31 |
| Total Liabilities | 350.83 | 330.69 | 320.94 | 298.54 |
| Retained Earnings | 28.07 | 34.60 | 20.54 | 10.38 |
| Total Equity | 114.50 | 122.73 | 107.65 | 94.88 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 11.36 | 12.18 | 28.67 | 8.98 | 11.96 |
| Net PPE | 8.02 | 7.90 | 9.28 | 9.40 | 10.54 |
| Operating Lease ROU | 0.13 | 0.14 | 0.00 | 0.05 | 0.23 |
| Intangible Assets | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Other Assets | 445.34 | 432.71 | 336.46 | 298.71 | 297.11 |
| Total Assets | 465.34 | 453.43 | 374.92 | 317.63 | 320.33 |
| Current Debt | 1.32 | 1.30 | 6.85 | 19.58 | 25.16 |
| Current Lease Liabilities | 0.13 | 0.14 | 0.00 | 0.05 | 0.23 |
| Long-term Debt | 2.81 | 3.14 | 4.32 | 25.24 | 25.16 |
| Other Liabilities | 346.58 | 326.12 | 297.04 | 238.26 | 233.62 |
| Total Liabilities | 350.83 | 330.69 | 308.21 | 283.13 | 284.16 |
| Retained Earnings | 28.07 | 34.60 | (4.76) | (23.11) | (16.95) |
| Total Equity | 114.50 | 122.73 | 66.71 | 34.50 | 36.17 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (5.81) | 14.76 | 10.87 | 11.25 |
| D&A | 0.72 | 0.68 | 0.64 | 0.61 |
| Stock-Based Comp | 0.65 | 0.24 | 0.43 | 0.47 |
| Δ Working Cap & Other | 13.15 | 7.12 | 13.98 | (3.06) |
| Operating Cash Flow | 8.71 | 22.80 | 25.93 | 9.27 |
| CapEx | (0.84) | (0.71) | (0.65) | (0.58) |
| Other Investing | (7.37) | (35.78) | (31.20) | (12.09) |
| Investing Cash Flow | (8.20) | (36.49) | (31.85) | (12.67) |
| Stock Issuance | 0.00 | 0.00 | (0.01) | (0.06) |
| Dividends Paid | (0.72) | (0.71) | — | — |
| Other Financing | (0.61) | — | (1.01) | — |
| Financing Cash Flow | (1.33) | (0.90) | (1.02) | (0.38) |
| Free Cash Flow | 7.88 | 22.08 | 25.28 | 8.70 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | 31.08 | 40.77 | 18.36 | (6.17) | (22.52) |
| D&A | 2.65 | 2.56 | 2.45 | 2.97 | 3.30 |
| Stock-Based Comp | 1.80 | 1.48 | 1.38 | 0.83 | 1.39 |
| Δ Working Cap & Other | 31.19 | 31.05 | 35.76 | (8.96) | 16.92 |
| Operating Cash Flow | 66.72 | 75.86 | 57.95 | (11.33) | (0.92) |
| CapEx | (2.78) | (2.81) | (2.34) | (1.83) | (4.55) |
| Other Investing | (86.44) | (90.05) | (32.92) | 11.29 | (1.35) |
| Investing Cash Flow | (89.22) | (92.86) | (35.26) | 9.46 | (5.91) |
| Stock Issuance | (0.08) | 9.47 | 13.61 | 0.00 | 0.06 |
| Stock Buyback | — | — | — | — | 0.00 |
| Dividends Paid | (2.14) | (1.41) | 0.00 | 0.00 | (1.28) |
| Other Financing | (1.42) | (7.55) | (16.60) | (1.12) | (4.29) |
| Financing Cash Flow | (3.64) | 0.51 | (2.99) | (1.12) | (5.51) |
| Free Cash Flow | 63.94 | 73.05 | 55.61 | (13.15) | (5.47) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 3.06 | 2.69 | 2.98 | 3.15 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | (8.55) | (9.04) | (23.30) | (29.91) |
| ROE % | (5.1%) | 12.0% | 10.1% | 11.9% |
| ROA % | (1.2%) | 3.3% | 2.5% | 2.9% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 3.06 | 2.69 | 4.62 | 8.21 | 7.86 |
| EBITDA Margin % | — | — | — | — | — |
| Working Capital | — | — | — | — | — |
| Net Debt | (8.55) | (9.04) | (24.35) | 16.27 | 13.20 |
| ROE % | 27.1% | 33.2% | 27.5% | (17.9%) | (62.3%) |
| ROA % | 6.7% | 9.0% | 4.9% | (1.9%) | (7.0%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-01 | Newgarden Thomas | Director | 2026-05-29 | P | 8,000 | $14.99 | $119,958 |
| 2026-06-01 | Newgarden Thomas | Director | 2026-05-28 | P | 6,000 | $15.50 | $93,000 |
| 2026-05-13 | Newgarden Thomas | Director | 2026-05-13 | P | 15,201 | $14.36 | $218,286 |
| 2026-05-13 | Newgarden Thomas | Director | 2026-05-12 | P | 15,301 | $14.52 | $222,171 |
| 2026-04-20 | BRODSKY VICTOR J | Officer (Chief Accounting Officer) | 2026-04-15 | F | (2,453) | $16.61 | -$40,744 |
| 2026-04-17 | Yankus William L | Director | 2026-04-16 | S | (13,500) | $18.00 | -$243,000 |
| 2026-03-16 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2026-03-03 | A | 8,624 | — | $0 |
| 2026-03-16 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2026-03-03 | F | (1,512) | $16.53 | -$24,993 |
| 2026-03-16 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2026-03-03 | M | 3,333 | $2.25 | $7,499 |
| 2026-03-16 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2026-03-03 | M | (3,333) | — | $-0 |
| 2026-03-16 | Chen Minlei | Officer (Chief Actuary, Senior VP) | 2025-01-26 | M | 3,334 | $2.25 | $7,502 |
| 2026-03-16 | Chen Minlei | Officer (Chief Actuary, Senior VP) | 2025-01-26 | M | (3,334) | — | $-0 |
| 2026-03-05 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2026-03-03 | A | 8,624 | — | $0 |
| 2026-03-05 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2026-03-03 | F | (1,512) | $16.53 | -$24,993 |
| 2026-03-04 | Patten Randy L | Officer (CFO, VP and Treasurer) | 2026-03-03 | A | 3,126 | — | $0 |
| 2026-03-04 | Patten Randy L | Officer (CFO, VP and Treasurer) | 2026-03-03 | F | (435) | $16.53 | -$7,191 |
| 2026-03-04 | BRODSKY VICTOR J | Officer (Chief Accounting Officer) | 2026-03-03 | A | 6,083 | — | $0 |
| 2026-03-04 | BRODSKY VICTOR J | Officer (Chief Accounting Officer) | 2026-03-03 | F | (845) | $16.53 | -$13,968 |
| 2026-01-09 | Golden Meryl S. | Director, Officer (CEO, President) | 2026-01-09 | A | 40,000 | — | $0 |
| 2026-01-09 | Golden Meryl S. | Director, Officer (CEO, President) | 2026-01-02 | F | (7,735) | $16.83 | -$130,180 |
| 2026-01-09 | Golden Meryl S. | Director, Officer (CEO, President) | 2025-12-31 | A | 1,663 | $12.78 | $21,253 |
| 2026-01-06 | Singh Manmohan | Director | 2026-01-02 | A | 7,011 | — | $0 |
| 2026-01-06 | Yankus William L | Director | 2026-01-02 | A | 3,149 | — | $0 |
| 2026-01-05 | Pasricha Pranav | Director | 2026-01-02 | A | 7,011 | — | $0 |
| 2026-01-05 | Tupper Floyd R | Director | 2026-01-02 | A | 3,149 | — | $0 |
| 2026-01-05 | Newgarden Thomas | Director | 2026-01-02 | A | 3,149 | — | $0 |
| 2025-08-25 | Patten Randy L | Officer (CFO, VP and Treasurer) | 2025-08-25 | A | 43,290 | — | $0 |
| 2025-08-21 | Pasricha Pranav | Director | 2025-08-19 | A | 1,536 | — | $0 |
| 2025-06-23 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2025-06-18 | A | 10,000 | — | $0 |
| 2025-05-27 | Newgarden Thomas | Director | 2025-05-27 | P | 12,500 | $16.77 | $209,625 |
| 2025-05-22 | Golden Meryl S. | Director, Officer (CEO, President) | 2025-05-22 | P | 5,000 | $15.93 | $79,650 |
| 2025-05-22 | Golden Meryl S. | Director, Officer (CEO, President) | 2025-05-22 | A | 5,000 | $15.93 | $79,650 |
| 2025-05-22 | Newgarden Thomas | Director | 2025-05-21 | P | 11,000 | $16.11 | $177,247 |
| 2025-05-19 | D'Andre Carla | Director | 2025-05-16 | G | (2,907) | — | $-0 |
| 2025-05-19 | D'Andre Carla | Director | 2025-05-16 | S | (5,000) | $17.47 | -$87,350 |
| 2025-04-16 | BRODSKY VICTOR J | Officer (Chief Accounting Officer) | 2025-04-15 | A | 15,000 | — | $0 |
| 2025-03-03 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2025-03-03 | A | 10,935 | — | $0 |
| 2025-03-03 | GRAVELLE JENNIFER | Officer (Chief Financial Officer) | 2025-03-03 | A | 8,787 | — | $0 |
| 2025-01-21 | GRAVELLE JENNIFER | Officer (Chief Financial Officer) | 2025-01-17 | F | (2,020) | $15.32 | -$30,946 |
| 2025-01-06 | Golden Meryl S. | Director, Officer (CEO, President) | 2025-01-03 | F | (4,840) | $15.03 | -$72,745 |
| 2025-01-06 | Yankus William L | Director | 2025-01-02 | A | 3,489 | — | $0 |
| 2025-01-06 | D'Andre Carla | Director | 2025-01-02 | A | 3,489 | — | $0 |
| 2025-01-06 | Newgarden Thomas | Director | 2025-01-02 | A | 3,489 | — | $0 |
| 2025-01-06 | MCFADDEN TIMOTHY P | Director | 2025-01-02 | A | 3,489 | — | $0 |
| 2025-01-06 | Tupper Floyd R | Director | 2025-01-02 | A | 3,489 | — | $0 |
| 2025-01-06 | Singh Manmohan | Director | 2025-01-02 | A | 3,489 | — | $0 |
| 2025-01-06 | Golden Meryl S. | Director, Officer (CEO, President) | 2025-01-02 | F | (23,655) | $15.19 | -$359,319 |
| 2025-01-06 | Golden Meryl S. | Director, Officer (CEO, President) | 2025-01-02 | A | 40,000 | — | $0 |
| 2025-01-02 | Golden Meryl S. | Director, Officer (CEO, President) | 2024-12-31 | F | (18,225) | $15.57 | -$283,763 |
| 2024-12-30 | GRAVELLE JENNIFER | Officer (Chief Financial Officer) | 2024-01-17 | F | (2,021) | $2.40 | -$4,850 |
| 2024-12-20 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2024-12-13 | F | (288) | $15.11 | -$4,352 |
| 2024-12-20 | Golden Meryl S. | Director, Officer (CEO, President) | 2024-12-13 | F | (288) | $15.11 | -$4,352 |
| 2024-12-16 | Yankus William L | Director | 2024-12-13 | S | (10,253) | $16.18 | -$165,894 |
| 2024-11-27 | BRODSKY VICTOR J | Officer (Chief Accounting Officer) | 2024-11-26 | S | (5,000) | $16.08 | -$80,395 |
| 2024-11-21 | Newgarden Thomas | Director | 2024-11-21 | P | 5,000 | $13.45 | $67,250 |
| 2024-11-21 | Newgarden Thomas | Director | 2024-11-20 | P | 5,000 | $13.25 | $66,250 |
| 2024-11-21 | Newgarden Thomas | Director | 2024-11-19 | P | 5,112 | $11.94 | $61,037 |
| 2024-11-19 | Chen Minlei | Officer (Chief Actuary and Senior VP) | 2024-11-15 | P | 1,000 | $11.12 | $11,120 |
| 2024-11-19 | D'Andre Carla | Director | 2024-11-15 | P | 2,500 | $10.95 | $27,375 |
| 2024-11-19 | D'Andre Carla | Director | 2024-11-15 | P | 500 | $10.97 | $5,485 |
| 2024-11-19 | D'Andre Carla | Director | 2024-11-15 | P | 500 | $11.00 | $5,500 |
| 2024-11-19 | D'Andre Carla | Director | 2024-11-15 | P | 500 | $11.12 | $5,560 |
| 2024-11-15 | MCFADDEN TIMOTHY P | Director | 2024-11-15 | P | 500 | $10.61 | $5,305 |
| 2024-11-15 | BRODSKY VICTOR J | Officer (Chief Accounting Officer) | 2024-11-14 | M | 26,064 | $7.99 | $208,251 |
| 2024-11-15 | BRODSKY VICTOR J | Officer (Chief Accounting Officer) | 2024-11-14 | F | (17,471) | $11.92 | -$208,254 |
| 2024-11-15 | BRODSKY VICTOR J | Officer (Chief Accounting Officer) | 2024-11-14 | M | (26,064) | — | $-0 |
| 2024-09-19 | Golden Meryl S. | Director, Officer (CEO, President) | 2024-09-18 | M | 50,000 | $8.72 | $436,000 |
| 2024-09-19 | Golden Meryl S. | Director, Officer (CEO, President) | 2024-09-18 | F | (47,289) | $9.22 | -$436,005 |
| 2024-09-19 | Golden Meryl S. | Director, Officer (CEO, President) | 2024-09-18 | M | (50,000) | — | $-0 |
| 2024-09-11 | GOLDSTEIN BARRY | Director, Officer (COB) | 2024-09-10 | F | (106,687) | $8.93 | -$952,715 |
| 2024-06-18 | Newgarden Thomas | Director | 2024-06-14 | A | 6,114 | — | $0 |