BuybackMay 19, 2026, 08:32 AM
Kingstone Authorizes 1M Share Repurchase Program Over Two Years
AI Summary
Kingstone Companies, Inc. announced that its Board of Directors has authorized a share repurchase program for up to 1,000,000 shares of its common stock, representing approximately 6.9% of outstanding shares as of March 31, 2026. The program will span two years and reflects the Board's confidence in the company's franchise and future trajectory. Repurchases are intended to complement investments in profitable growth and quarterly dividends, with capital allocated disciplinedly.
Key Highlights
- Kingstone's Board of Directors authorized a share repurchase program.
- The company may repurchase up to 1,000,000 shares of its common stock.
- This represents approximately 6.9% of outstanding common stock as of March 31, 2026.
- The share repurchase program has a term of two years.
- Repurchases will be made through open market and privately negotiated transactions.
- The program is intended to complement investments in profitable growth and quarterly dividends.
Price Impact
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