Equities analysts expect Kinsale Capital Group Inc (NASDAQ:KNSL) to announce earnings of $0.50 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Kinsale Capital Group’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.46. Kinsale Capital Group posted earnings of $0.20 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 150%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that Kinsale Capital Group will report full-year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $1.95. For the next fiscal year, analysts forecast that the business will report earnings of $2.23 per share, with EPS estimates ranging from $2.05 to $2.35. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Kinsale Capital Group.
Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Kinsale Capital Group had a net margin of 13.52% and a return on equity of 12.59%. The firm had revenue of $54.95 million during the quarter, compared to analysts’ expectations of $53.63 million.
A number of brokerages have recently weighed in on KNSL. BidaskClub upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 25th. Zacks Investment Research cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. SunTrust Banks restated a “buy” rating and issued a $65.00 price target on shares of Kinsale Capital Group in a research report on Wednesday, August 8th. Royal Bank of Canada reiterated a “buy” rating and set a $61.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, August 7th. Finally, TheStreet upgraded Kinsale Capital Group from a “c” rating to a “b-” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Kinsale Capital Group presently has an average rating of “Hold” and an average price target of $61.33.
Shares of KNSL stock opened at $60.97 on Friday. Kinsale Capital Group has a fifty-two week low of $39.38 and a fifty-two week high of $64.97. The firm has a market capitalization of $1.35 billion, a PE ratio of 48.78 and a beta of 0.14.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, August 30th. Kinsale Capital Group’s dividend payout ratio is presently 22.40%.
In related news, Director Frederick L. Jr. Russell sold 1,000 shares of Kinsale Capital Group stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $60.75, for a total transaction of $60,750.00. Following the completion of the sale, the director now owns 1,111 shares in the company, valued at approximately $67,493.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William J. Jr. Kenney sold 13,750 shares of Kinsale Capital Group stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $61.48, for a total value of $845,350.00. Following the sale, the senior vice president now owns 18,414 shares of the company’s stock, valued at approximately $1,132,092.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,750 shares of company stock valued at $1,919,860. 8.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of KNSL. Rhumbline Advisers grew its holdings in Kinsale Capital Group by 45.2% in the 2nd quarter. Rhumbline Advisers now owns 18,364 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 5,716 shares during the period. First Mercantile Trust Co. grew its holdings in Kinsale Capital Group by 13.8% in the 2nd quarter. First Mercantile Trust Co. now owns 7,839 shares of the financial services provider’s stock valued at $430,000 after buying an additional 950 shares during the period. Wells Fargo & Company MN grew its holdings in Kinsale Capital Group by 16.2% in the 2nd quarter. Wells Fargo & Company MN now owns 590,558 shares of the financial services provider’s stock valued at $32,398,000 after buying an additional 82,163 shares during the period. First Trust Advisors LP purchased a new stake in Kinsale Capital Group in the 2nd quarter valued at about $4,161,000. Finally, Columbus Circle Investors grew its holdings in Kinsale Capital Group by 9.6% in the 2nd quarter. Columbus Circle Investors now owns 161,388 shares of the financial services provider’s stock valued at $8,854,000 after buying an additional 14,108 shares during the period. Hedge funds and other institutional investors own 82.64% of the company’s stock.
About Kinsale Capital Group
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.
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