Added to YB: 2024-10-11
Pitch date: 2024-10-11
KINS [bullish]
Kingstone Companies, Inc.
+52.89%
current return
Author Info
The Fond Investor is a full-time buyside investor who is focused on identifying, researching, and discussing unique and differentiated investment opportunities, with a focus on smaller and underfollowed companies. Sign up for the newsletter.
Company Info
Kingstone Companies, Inc., through its subsidiary, provides property and casualty insurance products to individuals in the United States.
Market Cap
$185.5M
Pitch Price
$9.85
Price Target
17.50 (-1%)
Dividend
N/A
Sector
Insurance
Category
value
Kingstone Companies, Inc. - $KINS
KINS: Coastal P&C insurer post-turnaround, 5x 2025E P/E. Core NY market leader (93% rev) w/ 78 CR. $260M premium opportunity as rivals exit. New 'Select' product, expense cuts (41->31 ratio), better pricing. Risks: major storms. PT $17.50 (10x 2025E EPS $1.75), 100% upside from $9.
Read full article (5 min)