Late last winter, Kingstone Companies, Inc. (NASDAQ: NASDAQ: KINS ) wasn’t in great shape. This is a property and casualty insurance company based in Kingston, New York that's been around since 1886 and mainly sells personal andThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering the Seeking Alpha ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

财务表现 - 第三季度直接承保保费增长28%，核心业务直接承保保费增长39%[2] - 前九个月直接承保保费增长15%，核心业务直接承保保费增长25%[3] - 每股基本经营收益为0.55美元，上年同期为每股基本经营亏损0.27美元[10] - 每股摊薄经营收益为0.50美元，上年同期为每股摊薄经营亏损0.27美元[13] - 前九个月每股基本经营收益为1.07美元，上年同期为每股基本经营亏损0.89美元[10] - 前九个月每股摊薄经营收益为0.97美元，上年同期为每股摊薄经营亏损0.89美元[13] 承保表现 - 综合GAAP合并比率为72%，改善38个百分点[2] - 前九个月综合GAAP合并比率为81%，改善30个百分点[3] - 净损失率为39%，改善40个百分点[2] - 前九个月净损失率为49%，改善29个百分点[3]

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...

Table of Contents Delaware 36-2476480 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share KINS Nasdaq Capital Market Large accelerated filer o Accelerated filer o Non-accelerated filer x Smaller reporting company x Emerging growth company o UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) x QUART ...

财务数据和关键指标变化 - 本季度净收入为700万美元，基本每股净收入为0.61美元，而去年同期净亏损910万美元，基本每股亏损0.85美元[20][21] - 本季度综合比率提高了38.2个百分点至72%，当前事故年损失率提高了37.6个百分点，非巨灾损失提高了31.6个百分点，巨灾损失降低了6个百分点，上一年度发展有利，使损失率降低1.9个百分点，费用率为33%，比上一年度高1.2个百分点[22] - 本季度投资收入从去年同期的140万美元增加14%至170万美元[25] - 本季度直接承保保费增长28%，年化股本回报率为55.6%[28] - 2024年公司重新确认核心业务直接保费增长在25% - 35%之间，基于约1.28亿美元的净保费收入，预计实现GAAP综合比率在79% - 83%之间，每股收益在1.40 - 1.70美元之间，股本回报率在32% - 36%之间；2025年重新确认核心业务直接承保保费增长在15% - 25%之间，基于约1.65亿美元的净保费收入，预计实现GAAP综合比率在82% - 86%之间，每股收益在1.60 - 2美元之间，股本回报率在24% - 32%之间[16][17] 各条业务线数据和关键指标变化 - 核心个人业务直接承保保费本季度较上年同期增长43%，平均保费增长23%，新业务保单数量激增，几乎是上年同期新业务数量的4倍，新业务保费占本季度核心个人业务直接承保保费的27%，年初至今为20%[9][10] - 本季度非核心业务的承保保费和有效保单数量较去年同期均减少60%[21] - 本季度个人业务的非巨灾报告频率为2.3%，而2023年同期为3.5%，非巨灾严重程度较去年同期下降27%[23][24] - 本季度Select产品的个人业务报告频率为1.6%，传统产品为2.2%[34] 各个市场数据和关键指标变化 - 由于两家竞争对手退出纽约市场，其在纽约州下州的有效保单总量与公司目前规模大致相同，还有一家公司将退出全国住宅市场，在纽约州有2万多份保单，这为公司2025年带来增长机会[6] 公司战略和发展方向和行业竞争 - 公司目标是实现盈利性增长，谨慎对待市场机会以确保盈利，在承保新业务时确保定价合理，只承保符合承保标准和利润率目标的风险，收紧飓风免赔额要求，在历史上最盈利的业务板块增长，密切监控业务组合，Select产品表现超预期[6][7] - 公司将通过出售股票、支付股息等方式偿还控股公司债务，计划在2025年底前还清债务，之后专注于构建最合理的资本和再保险结构[11][13][15] - 公司将减少2025年的配额份额以保留更多保费和利润，目前正在寻求合适的配额份额、股票发行和股息使用之间的平衡，以尽快偿还债务并实现收益最大化[14][15] 管理层对经营环境和未来前景的评论 - 本季度是公司自2009年以来收入最高、承保保费创纪录、运营利润率和核心个人业务增长率均表现优异的季度，公司处于最佳状态，非核心业务的拖累已基本消除，拥有优秀的团队、产品和有竞争力的费用结构，未来将专注于改进流程和产品、采用新技术和完善战略以持续为股东创造价值[4][5][19] - 2024年巨灾较少，2025年假设为平均水平，公司的指导反映了纽约市场的竞争变化、巨灾再保险成本的预期增加、近期购买冬季风暴保险导致再保险成本增加以及利息费用降低等因素[18] 其他重要信息 - 本季度通过ATM出售近110万股股票，平均股价为8.48美元，部分收益用于偿还债务和支付控股公司费用，目前债务余额为1000万美元[11] - 本季度将大部分短期投资转向高评级的2 - 5年期公司债券，平均账面收益率为4.21%，有效期限为3年，非现金投资资产平均收益率为3.39%，有效期限为3.7年，加权平均到期期限为6.9年，约13%的固定收益投资组合将于2025年底到期，收益率相对较低，可在到期时以更高的市场利率再投资以增加未来投资收入[25][27] 问答环节所有的提问和回答 问题1：在综合比率指导中是否仍假设约6%的巨灾负荷，以及在综合比率中是否有费用率目标预期？ - 回答：是的，公司假设明年约6%的巨灾负荷，预计明年费用率将下降，假设明年费用率约为28%[30] 问题2：公司的增长是否按计划进行，核心业务组合是否符合预期，新客户定价是否过高，与竞争对手相比在客户续约时的定价涨幅如何？ - 回答：很难说增长是否按计划进行，公司在保持服务和承保标准的同时处理增长的方式值得骄傲，不清楚客户体验的价格，但来自即将退出市场的两家公司的业务转化率很高，所以假设定价具有竞争力[32] 问题3：退出市场的第三家公司（AmGUARD）的保单规模（保费规模）是多少？ - 回答：该公司是伯克希尔哈撒韦公司旗下的，进入纽约市场几年且发展迅速，但还需看市场情况，公司对自己的定价有信心[33] 问题4：Select产品与传统产品的主要区别是什么？ - 回答：本季度Select产品的个人业务报告频率为1.6%，传统产品为2.2%，两者产品完全不同，Select是按风险评级的产品，使用公司和行业多年数据来合理定价以匹配风险，与传统产品相比，主要区别之一是在定价和承保中使用保险评分[34] 问题5：能否谈谈定价情况，飓风Helene和/或Milton是否影响定价决策？ - 回答：飓风Helene和Milton对公司没有影响，但可能会通过明年的再保险费率产生影响，本季度Select住宅产品费率提高5%，住宅火灾产品提高10%，传统产品费率调整为较低的个位数，此外公司每年更新每份保单的重置成本，这也会增加保单持有人的价格[37] 问题6：能否给出到2025年股东稀释的范围？ - 回答：无法给出确切数字，公司正在努力在配额份额、股票发行和股息使用之间找到平衡，以尽快偿还债务并实现收益最大化[39] 问题7：为什么将指导从稀释股数改为基本股数？ - 回答：今年早些时候更改，当时基本股和稀释股之间没有差异，没有特别的理由，如果稀释股更合理，可以更改指导以包括稀释股[42]

Kingstone Companies, Inc (KINS) came out with quarterly earnings of $0.50 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.39, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Kingstone Companies, which bel ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Kingstone Companies, Inc (KINS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...