Kinsale Capital Group (KNSL) to Release Quarterly Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL) will issue its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $3.51 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million for the quarter, compared to analysts’ expectations of $366.45 million. During the same quarter in the previous year, the firm earned $2.44 earnings per share. The business’s revenue was up 41.7% on a year-over-year basis. 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 0.3 %

KNSL stock opened at $374.44 on Wednesday. The stock’s fifty day simple moving average is $385.70 and its two-hundred day simple moving average is $425.68. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group has a 1-year low of $325.01 and a 1-year high of $548.47. The stock has a market cap of $8.72 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.65 and a beta of 1.06.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Friday, May 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.16%. Kinsale Capital Group’s dividend payout ratio is presently 3.99%.

Analyst Ratings Changes

A number of brokerages have recently commented on KNSL. JPMorgan Chase & Co. upped their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Oppenheimer began coverage on Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating on the stock. TD Cowen began coverage on Kinsale Capital Group in a research report on Monday, May 20th. They set a “hold” rating and a $403.00 price target on the stock. Finally, BMO Capital Markets dropped their price target on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $434.00.

Insider Buying and Selling

In related news, COO Brian D. Haney sold 3,778 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the sale, the chief operating officer now owns 95,850 shares of the company’s stock, valued at approximately $35,247,879. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is currently owned by insiders.

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.