Kinsale Capital Group (NYSE:KNSL – Get Free Report) released its quarterly earnings results on Thursday. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.17, Briefing.com reports. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The firm had revenue of $372.79 million for the quarter, compared to the consensus estimate of $366.45 million. During the same quarter in the previous year, the firm posted $2.44 EPS. The firm’s quarterly revenue was up 41.7% on a year-over-year basis.
Kinsale Capital Group Stock Performance
Shares of NYSE KNSL traded down $74.81 during midday trading on Friday, hitting $378.28. The company’s stock had a trading volume of 684,217 shares, compared to its average volume of 188,048. Kinsale Capital Group has a 1-year low of $297.33 and a 1-year high of $548.47. The firm’s fifty day moving average price is $494.22 and its 200-day moving average price is $416.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $8.77 billion, a P/E ratio of 28.78 and a beta of 0.89.
Kinsale Capital Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a $0.15 dividend. The ex-dividend date was Monday, February 26th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.16%. Kinsale Capital Group’s payout ratio is 4.54%.
Insider Activity
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. BMO Capital Markets downgraded shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $434.00 to $544.00 in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Truist Financial boosted their target price on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada boosted their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus target price of $510.00.
Get Our Latest Research Report on KNSL
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.
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