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Kingstone Companies, IncKingstone Companies, IncKingstone Companies, Inc

Kingstone Companies, Inc

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KINS trade ideas

(KINS) Kingstone Companies- Kingstone Companies achieved record-setting premiums and a 40% growth rate in its core personal lines business during Q3 2024, attributed to the exit of two competitors in New York, providing a significant growth opportunity. - The Select product, a key offering, has shown a more than 20% lower reported frequency compared to legacy products, indicating strong risk selection and underwriting practices. - Kingstone's strategic move to reduce debt, coupled with a robust capital management strategy, positions the company to focus on maximizing earnings and shareholder value in the future.
NASDAQ:KINSLong
by dominicflo97
2NDCRK: KINSSecond Crack: KINS (Kingstone Companies) Technical: (+) Weekly breakout on volume. (+) Consolidation towards MA50 Fundamental: (+) Revenue increase (+) Strong EPS increase, Turnaround (-) only turnaround, no new product Low Risk Entry: ~9$ Price target: 20$-25 $ Stopp Loss: ~8$ Second Crack Strategy: A good coffee needs the "second crack" during the roast. This strategy is similar: "First crack": Weekly breakout from base, strong volume increase. Good fundamental data and products or a good turnaround story. The "second crack" is the 2nd leg after consilidation and low risk entry.
NASDAQ:KINSLong
by ReaZedd
1
Long Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company. It offers insurance policies to small and mid-sized businesses as well as to individuals. Significant Market Opportunity: Kingstone is uniquely positioned to capitalize on a profound shift in the New York property insurance market, with competitors exiting the space, leaving a substantial share of over $200 million in annual premiums up for grabs. This situation presents an unparalleled growth opportunity that the company is well-equipped to seize. Proven Turnaround Success: Kingstone has already demonstrated a successful turnaround, with three consecutive quarters of profitability and a phenomenal improvement in profit margins. This momentum is expected to continue, making the company an attractive investment as it re-establishes its market dominance. Strong Growth Prospects: The company has revised its 2024 guidance, projecting core business direct written premium growth between 21% and 30%, up from the previously communicated 16% to 20%. This aggressive growth outlook suggests a significant upside for the company's earnings potential. Effective Risk Management and Efficiency: Kingstone's strategy to align pricing, risk management, and expense efficiency is delivering tangible results. The company's ability to effectively match rates to risk and maintain a lean operating structure positions it well to generate sustained profitability, even as it scales. Potential for Increased Shareholder Value: With every incremental $10 million in new personal lines premium translating into approximately $0.10 of additional earnings per share, the growth opportunities in the current market could lead to substantial increases in shareholder value, making the stock a compelling buy. Technical Stock has broken its upward channel is trading above the 50 day moving average supported by increased trading volume, we are long on this and see potential for it to go further.
NASDAQ:KINSLong
by Quantum_Pulse
entry longAs rumors of fundamentals being more to the levels of satisfactory to an investor, volume has been rather slow. The bearish flag pattern indicator was broken of course this is not always true as it can continue after a false breakout. However as accumulation of shares continue we cannot deny current price action as it continues up. for the left chart i went back further in time, where price moved with volume as my support and resistance lines representing the blue horizontal lines.
NASDAQ:KINSLong
by b58-nic0
Rising Star in Insurance: Kingstone Companies, Inc.Kingstone Companies, Inc. (NASDAQ: KINS), an insurance company offering policies to small and mid-sized businesses and individuals, has experienced a notable increase in its stock price over the past year. The company's stock has soared by 27% in the last three months and climbed 55% in the last year. Despite this surge, it's important to consider various aspects of the company's performance and market position before making investment decisions. Kingstone Companies operates in a competitive insurance industry and faces competition from several companies. However, it has managed to maintain a competitive position in the market. The company's profitability rank is moderate, with ROE, ROA, and ROIC figures suggesting profitability lower than the industry average. Nonetheless, the company has remained profitable for 7 out of the past 10 years. The company's growth rank also indicates a moderate growth rate, with a mixed record in terms of revenue and earnings per share growth over the past few years. This suggests that while the company has potential, its growth has been inconsistent. Kingstone Companies recently transitioned from making a loss to reporting a profit, which is a positive sign. However, the modest dividend yield might not be a significant factor in supporting the stock price. When evaluating the company's potential for investment, it is crucial to look beyond just the recent surge in stock price and consider the overall financial health and future prospects of the company. In conclusion, while Kingstone Companies Inc. has shown promising stock price performance recently, investors should carefully assess the company's financials, market position, and growth prospects before adding it to their portfolio. The recent increase in stock price could be an indicator of potential, but a thorough analysis of the company's overall performance and market dynamics is essential for making informed investment decisions.
NASDAQ:KINSLong
by olimchik