Brokerages expect Kinsale Capital Group Inc (NASDAQ:KNSL) to announce earnings per share (EPS) of $0.50 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kinsale Capital Group’s earnings, with estimates ranging from $0.46 to $0.53. Kinsale Capital Group posted earnings of $0.20 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 150%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, November 1st.
On average, analysts expect that Kinsale Capital Group will report full year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.95. For the next fiscal year, analysts anticipate that the company will report earnings of $2.23 per share, with EPS estimates ranging from $2.05 to $2.35. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Kinsale Capital Group.
Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). The firm had revenue of $54.95 million for the quarter, compared to the consensus estimate of $53.63 million. Kinsale Capital Group had a net margin of 13.52% and a return on equity of 12.59%.
KNSL has been the subject of several recent research reports. BidaskClub upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. TheStreet upgraded Kinsale Capital Group from a “c” rating to a “b-” rating in a report on Friday, July 27th. Zacks Investment Research downgraded Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Finally, SunTrust Banks reiterated a “buy” rating and set a $65.00 price target on shares of Kinsale Capital Group in a report on Wednesday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $61.33.
Shares of NASDAQ KNSL traded down $1.41 during midday trading on Friday, hitting $57.80. 72,611 shares of the stock traded hands, compared to its average volume of 83,978. Kinsale Capital Group has a one year low of $41.40 and a one year high of $64.97. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 46.24 and a beta of 0.14.
The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.28 annualized dividend and a yield of 0.48%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 22.40%.
In related news, Director Frederick L. Jr. Russell sold 1,000 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $59.32, for a total transaction of $59,320.00. Following the completion of the sale, the director now owns 1,111 shares in the company, valued at $65,904.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert Lippincott III sold 6,000 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $59.04, for a total value of $354,240.00. Following the completion of the transaction, the chairman now owns 10,017 shares of the company’s stock, valued at approximately $591,403.68. The disclosure for this sale can be found here. Insiders have sold 32,750 shares of company stock valued at $1,981,170 in the last quarter. 8.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Kinsale Capital Group by 32.9% in the 2nd quarter. BlackRock Inc. now owns 1,297,928 shares of the financial services provider’s stock valued at $71,207,000 after purchasing an additional 321,668 shares during the period. Wells Fargo & Company MN grew its stake in Kinsale Capital Group by 16.2% in the 2nd quarter. Wells Fargo & Company MN now owns 590,558 shares of the financial services provider’s stock valued at $32,398,000 after purchasing an additional 82,163 shares during the period. Hood River Capital Management LLC grew its stake in Kinsale Capital Group by 33.9% in the 2nd quarter. Hood River Capital Management LLC now owns 524,541 shares of the financial services provider’s stock valued at $28,776,000 after purchasing an additional 132,743 shares during the period. Janus Henderson Group PLC bought a new position in Kinsale Capital Group in the 2nd quarter valued at $21,432,000. Finally, OppenheimerFunds Inc. grew its stake in Kinsale Capital Group by 9.0% in the 1st quarter. OppenheimerFunds Inc. now owns 375,532 shares of the financial services provider’s stock valued at $19,277,000 after purchasing an additional 31,151 shares during the period. Hedge funds and other institutional investors own 82.64% of the company’s stock.
About Kinsale Capital Group
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.
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