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

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

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.43. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. The business had revenue of $351.17 million for the quarter, compared to analyst estimates of $367.98 million. During the same quarter last year, the firm earned $2.60 EPS. Kinsale Capital Group’s revenue for the quarter was up 41.5% compared to the same quarter last year. 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 Stock Up 2.6 %

Shares of Kinsale Capital Group stock opened at $463.49 on Tuesday. The business’s 50 day simple moving average is $492.26 and its 200 day simple moving average is $415.54. Kinsale Capital Group has a 52-week low of $297.33 and a 52-week high of $548.47. The firm has a market cap of $10.75 billion, a PE ratio of 35.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors 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%. The ex-dividend date was Monday, February 26th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.54%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Kinsale Capital Group

In related news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at approximately $159,199,255.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group 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 directly owns 887 shares of the company’s stock, valued at approximately $464,867.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

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.