Kinsale Capital Group (NYSE:KNSL – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $5.54 earnings per share for the quarter, topping the consensus estimate of $5.11 by $0.43, FiscalAI reports. The business had revenue of $548.52 million for the quarter, compared to analysts’ expectations of $445.13 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.
Kinsale Capital Group Price Performance
Kinsale Capital Group stock traded up $7.74 during mid-day trading on Thursday, hitting $333.38. 480,973 shares of the company traded hands, compared to its average volume of 284,488. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group has a one year low of $287.20 and a one year high of $512.76. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90. The stock has a fifty day moving average price of $319.83 and a 200-day moving average price of $349.77.
Kinsale Capital Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s payout ratio is presently 4.40%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Kinsale Capital Group
Insider Transactions at Kinsale Capital Group
In related news, CAO Christopher R. Tangard acquired 330 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of $304.00 per share, with a total value of $100,320.00. Following the acquisition, the chief accounting officer owned 380 shares of the company’s stock, valued at approximately $115,520. The trade was a 660.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Salmaan K. Allibhai sold 250 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the sale, the insider owned 3,645 shares in the company, valued at $1,134,214.65. The trade was a 6.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is currently owned by insiders.
Institutional Trading of Kinsale Capital Group
Several hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC increased its holdings in Kinsale Capital Group by 2.9% in the 2nd quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 23 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Kinsale Capital Group by 20.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 28 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Kinsale Capital Group by 7.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 596 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 39 shares in the last quarter. Synergy Financial Group LTD increased its holdings in shares of Kinsale Capital Group by 1.6% in the third quarter. Synergy Financial Group LTD now owns 2,677 shares of the financial services provider’s stock worth $1,139,000 after purchasing an additional 42 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Kinsale Capital Group by 4.6% in the fourth quarter. Aptus Capital Advisors LLC now owns 962 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 42 shares during the last quarter. 85.36% of the stock is owned by institutional investors.
Kinsale Capital Group Company Profile
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.
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