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

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

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.43. The business had revenue of $351.17 million for the quarter, compared to analysts’ expectations of $367.98 million. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period last year, the firm earned $2.60 earnings per share. 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 Price Performance

NYSE:KNSL opened at $463.49 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $492.26 and its two-hundred day simple moving average is $415.54. The stock has a market cap of $10.75 billion, a PE ratio of 35.09 and a beta of 0.89. Kinsale Capital Group has a 52 week low of $297.33 and a 52 week high of $548.47.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, February 26th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.54%.

Insider Buying and Selling

In related news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction dated 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 $464,867.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares in the company, valued at $464,867.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 approximately $159,199,255.56. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KNSL shares. JPMorgan Chase & Co. lifted their target price on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. BMO Capital Markets cut Kinsale Capital Group from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $434.00 to $544.00 in a report on Wednesday, February 28th. Truist Financial lifted their target price on Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada lifted their target price on Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and a consensus target price of $510.00.

About Kinsale Capital Group

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.