Kinsale Capital Group (KNSL) Set to Announce Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Kinsale Capital Group to post earnings of $3.29 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.43. The business had revenue of $351.17 million for the quarter, compared to the consensus estimate of $367.98 million. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 EPS. On average, analysts expect Kinsale Capital Group to post $15 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Kinsale Capital Group Trading Down 0.2 %

KNSL opened at $451.43 on Thursday. Kinsale Capital Group has a 1-year low of $297.33 and a 1-year high of $548.47. The stock has a market capitalization of $10.47 billion, a PE ratio of 34.17 and a beta of 0.89. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $489.80 and a two-hundred day moving average price of $414.75.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, February 26th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.54%.

Insider Activity at Kinsale Capital Group

In other news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinsale Capital Group

A number of institutional investors have recently added to or reduced their stakes in KNSL. Quarry LP bought a new stake in shares of Kinsale Capital Group in the second quarter worth $28,000. IFP Advisors Inc grew its stake in Kinsale Capital Group by 127.3% in the second quarter. IFP Advisors Inc now owns 100 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 56 shares during the period. Almanack Investment Partners LLC. acquired a new stake in Kinsale Capital Group in the 3rd quarter valued at $33,000. Milestone Investment Advisors LLC bought a new stake in Kinsale Capital Group during the 1st quarter valued at $42,000. Finally, Lazard Asset Management LLC acquired a new position in Kinsale Capital Group during the first quarter worth $31,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on KNSL. Truist Financial boosted their price target on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. BMO Capital Markets downgraded Kinsale Capital Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Royal Bank of Canada raised their price target on Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $510.00.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.