Insurer Kingstone hits record high after Q1 profit beats estimates

Kingstone Companies

09/05/2025 15:54

** Shares of property and casualty insurer Kingstone Companies KINS.O jump as much as 22%, hitting their record high

** Stock last up 19% at $21.65

** KINS late Thursday posted Q1 profit well above Wall Street expectations, its sixth consecutive quarter of profitability

** Co reported 23% growth in its core business direct premiums written in Q1

** CEO Meryl Golden says "continuing favorable competitive landscape" is creating "meaningful opportunities" to underwrite profitable new business in downstate New York

** KINS also reiterated its outlook for FY 2025

** Lone analyst covering the stock rates it "strong buy" with a PT of $19 - data compiled by LSEG

** As of last close, KINS stock up 19.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))