Kingstone Set to Join Russell Microcap® Index

Kingstone Companies, Inc. (Nasdaq:KINS), a regional property and casualty insurance holding company based in the Northeast, will join the Russell Microcap® Index. This inclusion will be effective at the open of U.S. equity markets on Monday, July 1, 2024, following the annual reconstitution of the Russell U.S. Indexes. The preliminary list of additions was posted on May 24, 2024.

The annual reconstitution captures the 4,000 largest U.S. stocks as of April 30, 2024, ranked by total market capitalization. Being part of the Russell Microcap® Index ensures automatic inclusion in relevant growth and value style indexes. FTSE Russell's criteria for inclusion are based on objective market-capitalization rankings and style attributes.

Meryl Golden, CEO of Kingstone, noted that joining the index marks a significant milestone for the company, reflecting substantial progress. She believes that this will boost Kingstone's equity profile, attract more institutional investors, and improve liquidity for current shareholders.

Russell indexes are widely used by investment managers and institutional investors for index funds and benchmarking active investment strategies. FTSE Russell oversees the reconstitution and membership criteria based on quantitative market-cap rankings and style attributes.