Zacks Research Has Negative Outlook of KNSL FY2028 Earnings

Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) – Zacks Research cut their FY2028 earnings per share (EPS) estimates for Kinsale Capital Group in a report issued on Friday, July 3rd. Zacks Research analyst Team now expects that the financial services provider will post earnings of $22.31 per share for the year, down from their previous estimate of $22.37. The consensus estimate for Kinsale Capital Group’s current full-year earnings is $20.65 per share.

A number of other research firms also recently commented on KNSL. Wells Fargo & Company downgraded shares of Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $420.00 to $357.00 in a research note on Monday, April 27th. Morgan Stanley dropped their target price on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Weiss Ratings lowered shares of Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 26th. Jefferies Financial Group cut shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $392.00 to $312.00 in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada lowered their price objective on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $374.90.

View Our Latest Stock Report on KNSL

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $353.32 on Tuesday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $314.12 and its two-hundred day moving average is $354.39. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.15 and a beta of 0.90. Kinsale Capital Group has a 52-week low of $287.20 and a 52-week high of $512.76.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million during the quarter, compared to analyst estimates of $410.25 million. During the same quarter last year, the firm earned $3.71 EPS. Kinsale Capital Group’s quarterly revenue was down .5% on a year-over-year basis.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, May 28th. Kinsale Capital Group’s payout ratio is presently 4.40%.

Insider Activity

In other news, insider Salmaan K. Allibhai sold 250 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the sale, the insider directly owned 3,645 shares in the company, valued at approximately $1,134,214.65. This represents a 6.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael P. Kehoe sold 22,576 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total value of $6,832,852.16. Following the completion of the sale, the chief executive officer directly owned 308,048 shares in the company, valued at approximately $93,233,807.68. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

Large investors have recently bought and sold shares of the stock. CX Institutional raised its holdings in Kinsale Capital Group by 22.8% during the second quarter. CX Institutional now owns 11,977 shares of the financial services provider’s stock worth $3,950,000 after purchasing an additional 2,224 shares in the last quarter. Steelhead Wealth Management LLC bought a new position in Kinsale Capital Group during the 1st quarter valued at $781,000. Parallel Advisors LLC increased its position in shares of Kinsale Capital Group by 185.7% during the 1st quarter. Parallel Advisors LLC now owns 120 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 78 shares during the period. Henshaw Capital LLC increased its position in shares of Kinsale Capital Group by 23.7% during the 1st quarter. Henshaw Capital LLC now owns 4,247 shares of the financial services provider’s stock valued at $1,451,000 after purchasing an additional 814 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth $60,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

About Kinsale Capital Group

(Get Free Report)

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

Further Reading

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

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