BuybackMay 20, 2026, 04:28 PM
Kingstone Announces Share Repurchase Program for up to 1M Shares
AI Summary
Kingstone Companies, Inc. announced that its Board of Directors has authorized a share repurchase program. Under this program, the company may repurchase up to 1,000,000 shares of its outstanding common stock over the next two years, which represents approximately 6.9% of the shares outstanding as of March 31, 2026. The CEO stated that this authorization reflects confidence in the company and is intended to complement investments in profitable growth and quarterly dividends.
Key Highlights
- Board of Directors authorized a share repurchase program.
- Company may repurchase up to 1,000,000 shares of its outstanding common stock.
- Represents approximately 6.9% of outstanding common stock as of March 31, 2026.
- The share repurchase program has a term of two years.
- Repurchases may be made through open market purchases, privately negotiated transactions, and Rule 10b5-1 plans.
Price Impact
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