Kingstone Launches Two-Year Buyback for 1,000,000 Shares (6.9%)
Kingstone's Board authorized repurchase of up to 1,000,000 shares, representing about 6.9% of common stock, over the next two years. The program allows open-market, block, privately negotiated, and Rule 10b5-1 transactions to complement dividends and targeted profitable growth investments.
1. Board Authorizes 1,000,000-Share Repurchase
Kingstone’s Board approved a share repurchase program to buy up to 1,000,000 common shares, equal to approximately 6.9% of outstanding stock as of March 31, 2026, over a two-year period.
2. Repurchase Mechanics and Timing
Repurchases may be executed through open-market purchases, privately negotiated and block transactions, or under Rule 10b5-1 trading plans, with timing and volume determined by management based on market conditions, share price, regulatory requirements, and liquidity needs.
3. Strategic Capital Allocation
The buyback program is designed to complement the company’s quarterly dividend and investments in profitable growth, signaling management’s confidence in the long-term value of the Kingstone franchise and disciplined capital deployment.
4. Company Profile
Kingstone Companies, Inc. is a regional property and casualty insurance holding company whose primary operating subsidiary, Kingstone Insurance Company, ranked as the 11th largest homeowners insurer in New York in 2025 and is licensed in eight northeastern states.