On November 21, 2024, [Thomas Newgarden](https://www.gurufocus.com/insider/59739/thomas-newgarden), a Director at Kingstone Companies Inc (KINS, Financial), purchased 15,112 shares of the company, according to a [SEC Filing](http://www.sec.gov/Archives/edgar/data/33992/000102177124000209/xslF345X01/form4.xml). Following this transaction, the insider now owns a total of 24,726 shares in the company. Kingstone Companies Inc is a property and casualty insurance holding company. The company, through its subsidiaries, offers insurance products to individuals and small businesses primarily in New York State. The insider's recent purchase is part of a broader trend within the company. Over the past year, there have been four insider buys and zero insider sells, indicating a positive sentiment among insiders.  On the day of the purchase, shares of Kingstone Companies Inc were trading at $12.87, giving the stock a [market cap](https://www.gurufocus.com/term/mktcap/KINS) of $170.785 million. The company's [price-earnings ratio](https://www.gurufocus.com/term/pe-ratio/KINS) stands at 10.56, which is lower than the industry median of 11.38 and also below the company's historical median price-earnings ratio. Despite the insider buying activity, the stock appears to be [significantly overvalued](https://www.gurufocus.com/term/gf-value/KINS) based on its [GF Value](https://www.gurufocus.com/term/gf-value/KINS). With a trading price of $12.87 and a GuruFocus Value of $3.24, the price-to-GF-Value ratio is 3.97.  The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as the [price-sales ratio](https://www.gurufocus.com/term/ps-ratio/KINS), [price-book ratio](https://www.gurufocus.com/term/pb-ratio/KINS), and [price-to-free cash flow](https://www.gurufocus.com/term/price-to-free-cash-flow/KINS), along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
