Kinsale Capital Group (KNSL) Expected to Announce Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $4.23 per share and revenue of $416.62 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $485.50 on Tuesday. Kinsale Capital Group has a 52-week low of $355.12 and a 52-week high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average is $462.43 and its 200 day moving average is $464.49. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.82 and a beta of 1.15.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is 3.42%.

Insider Activity

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the transaction, the director now owns 447 shares in the company, valued at approximately $223,191.57. This represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KNSL. Truist Financial reduced their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada cut their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research report on Monday, October 28th. Finally, BMO Capital Markets increased their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $468.89.

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.