Analysts forecast that Kinsale Capital Group Inc (NASDAQ:KNSL) will post $0.56 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kinsale Capital Group’s earnings, with estimates ranging from $0.54 to $0.60. Kinsale Capital Group posted earnings per share of $0.46 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.7%. The business is expected to report its next earnings results on Monday, August 5th.
On average, analysts expect that Kinsale Capital Group will report full year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.50. For the next year, analysts anticipate that the business will post earnings of $2.63 per share, with EPS estimates ranging from $2.60 to $2.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Kinsale Capital Group.
Kinsale Capital Group (NASDAQ:KNSL) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.14. Kinsale Capital Group had a return on equity of 16.77% and a net margin of 18.52%. The business had revenue of $72.19 million during the quarter, compared to analysts’ expectations of $62.98 million.
A number of equities analysts have commented on KNSL shares. TheStreet raised Kinsale Capital Group from a “c+” rating to an “a-” rating in a report on Friday, May 10th. Zacks Investment Research raised Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Tuesday, May 7th. BidaskClub cut Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. SunTrust Banks increased their target price on Kinsale Capital Group to $75.00 and gave the company a “buy” rating in a report on Monday, February 25th. Finally, Royal Bank of Canada increased their target price on Kinsale Capital Group from $70.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $83.67.
Shares of Kinsale Capital Group stock traded down $0.10 during mid-day trading on Friday, reaching $89.25. 71,737 shares of the stock traded hands, compared to its average volume of 72,794. Kinsale Capital Group has a fifty-two week low of $50.34 and a fifty-two week high of $91.25. The stock has a market capitalization of $1.90 billion, a P/E ratio of 49.86 and a beta of 0.53.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Monday, June 3rd were given a $0.08 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 17.88%.
In other news, Chairman Robert Lippincott III sold 1,111 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $84.35, for a total value of $93,712.85. Following the completion of the sale, the chairman now directly owns 10,076 shares in the company, valued at $849,910.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Kehoe sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $84.46, for a total value of $844,600.00. Following the completion of the sale, the chief executive officer now owns 350,339 shares of the company’s stock, valued at $29,589,631.94. The disclosure for this sale can be found here. Insiders sold 28,037 shares of company stock valued at $2,272,177 over the last 90 days. Company insiders own 8.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Alpha Omega Wealth Management LLC grew its position in Kinsale Capital Group by 147.5% in the first quarter. Alpha Omega Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 295 shares during the period. Quadrant Capital Group LLC purchased a new position in Kinsale Capital Group in the first quarter worth approximately $45,000. Great West Life Assurance Co. Can grew its position in Kinsale Capital Group by 94.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,423 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 1,179 shares during the period. SG Americas Securities LLC purchased a new position in Kinsale Capital Group in the first quarter worth approximately $129,000. Finally, Legal & General Group Plc grew its position in Kinsale Capital Group by 10.2% in the fourth quarter. Legal & General Group Plc now owns 3,527 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 83.03% of the company’s stock.
Kinsale Capital Group Company Profile
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 and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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