Kingstone
Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company, which is a New York domiciled carrier writing business through retail and wholesale agents and brokers, actively writing personal lines and commercial auto insurance in New York.
“Kingstone is a new client to The Equity Group. The relationship so far has been quite beneficial in helping us understand the IR ‘lay of the land’, improving our investor materials, and in making some key introductions to prospective analysts and investors. Congratulations to The Equity Group for providing 50 years of value to your clients.”
Meryl Golden
CEO
Kingstone Companies, Inc.
(NASDAQ: KINS)
THE START
  • Commenced services in January 2024.
  • Market cap of approximately $35M.
  • No research coverage.
Our Role
  • Develop and implements a strategic investor communications and outreach program.
  • Developed a new investor presentation spotlighting the Company’s operational turnaround and growth story; update it quarterly.
  • Earnings materials & prep: draft news releases, scripts, and a Q&A prep memo.
  • Draft press releases to announce corporate developments.
  • Conduct direct outreach to relevant small-cap/insurance investors and analysts that cover P&C insurance; arrange meetings with management, as well as a series of investor conferences. Cultivate interest on an ongoing basis.
  • Provide trusted advisory on an array of IR matters.
  • Respond to inquiries from investors and analysts.
  • Prepare various forms of customized peer and market intelligence.
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RESULTS
  • Market cap: increased 378% in Year 1 to $168M; subsequently reached $220M.
  • Research coverage: Janney Montgomery Scott launched coverage; ongoing dialogues with various other analysts.
  • New institutional holders including some high-quality long-term investors; percentage of institutional holders increased to 55% from 40%.
  • The Company executed an At-the-Market offering raising proceeds of approximately $23M.
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