$1.55 EPS Expected for Kinsale Capital Group, Inc. (NASDAQ:KNSL) This Quarter

Equities research analysts forecast that Kinsale Capital Group, Inc. (NASDAQ:KNSLGet Rating) will post $1.55 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kinsale Capital Group’s earnings. The lowest EPS estimate is $1.45 and the highest is $1.67. Kinsale Capital Group posted earnings of $1.11 per share in the same quarter last year, which indicates a positive year over year growth rate of 39.6%. The firm is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Kinsale Capital Group will report full-year earnings of $6.62 per share for the current financial year, with EPS estimates ranging from $6.47 to $6.90. For the next year, analysts anticipate that the company will report earnings of $7.62 per share, with EPS estimates ranging from $7.40 to $8.00. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Kinsale Capital Group.

Kinsale Capital Group (NASDAQ:KNSLGet Rating) last announced its earnings results on Thursday, February 17th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.36. The business had revenue of $183.60 million during the quarter, compared to the consensus estimate of $165.73 million. Kinsale Capital Group had a net margin of 23.86% and a return on equity of 20.56%. During the same period in the previous year, the company posted $1.14 earnings per share.

A number of equities analysts have commented on KNSL shares. StockNews.com initiated coverage on shares of Kinsale Capital Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “sell” rating to a “strong-buy” rating and set a $224.00 price objective on the stock in a report on Wednesday, February 23rd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Buy” and an average price target of $224.67.

In related news, CFO Bryan P. Petrucelli sold 4,649 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $198.82, for a total value of $924,314.18. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Truist Financial Corp boosted its position in Kinsale Capital Group by 4.0% in the first quarter. Truist Financial Corp now owns 24,579 shares of the financial services provider’s stock valued at $5,605,000 after buying an additional 944 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Kinsale Capital Group by 1.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the financial services provider’s stock worth $1,327,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kinsale Capital Group by 9.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,083 shares of the financial services provider’s stock worth $703,000 after purchasing an additional 254 shares in the last quarter. Redwood Investments LLC purchased a new stake in Kinsale Capital Group in the 1st quarter worth approximately $20,834,000. Finally, Shilanski & Associates Inc. purchased a new stake in Kinsale Capital Group in the 1st quarter worth approximately $1,129,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Kinsale Capital Group stock traded down $2.91 during trading hours on Wednesday, reaching $230.76. The stock had a trading volume of 1,426 shares, compared to its average volume of 111,166. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 41.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.16 and a quick ratio of 0.16. The business’s 50 day moving average price is $220.53 and its 200-day moving average price is $207.93. Kinsale Capital Group has a 52 week low of $153.12 and a 52 week high of $245.17.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 14th. Stockholders of record on Wednesday, March 2nd were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 1st. This represents a $0.52 annualized dividend and a dividend yield of 0.23%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.11. Kinsale Capital Group’s dividend payout ratio is 7.85%.

About Kinsale Capital Group (Get Rating)

Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.

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Earnings History and Estimates for Kinsale Capital Group (NASDAQ:KNSL)

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