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

Brokerages predict that Kinsale Capital Group, Inc. (NASDAQ:KNSLGet Rating) will post earnings of $1.55 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Kinsale Capital Group’s earnings, with the highest EPS estimate coming in at $1.67 and the lowest estimate coming in at $1.45. Kinsale Capital Group posted earnings per share of $1.11 during the same quarter last year, which would indicate a positive year-over-year growth rate of 39.6%. The business is expected to issue its next 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 year, with EPS estimates ranging from $6.47 to $6.90. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.62 per share, with EPS estimates ranging from $7.40 to $8.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Kinsale Capital Group.

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

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

Shares of KNSL stock opened at $233.67 on Wednesday. Kinsale Capital Group has a 12 month low of $153.12 and a 12 month high of $245.17. The firm has a market cap of $5.34 billion, a PE ratio of 35.30 and a beta of 0.97. The stock has a 50 day moving average of $220.53 and a 200-day moving average of $207.32. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.06.

The company also recently announced a quarterly dividend, which was paid on Monday, March 14th. Investors of record on Wednesday, March 2nd were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.22%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 1st. Kinsale Capital Group’s dividend payout ratio is presently 7.85%.

In other Kinsale Capital Group news, CFO Bryan P. Petrucelli sold 4,649 shares of the company’s stock in a transaction 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 legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.50% of the company’s stock.

Large investors have recently made changes to their positions in the business. KB Financial Partners LLC bought a new stake in Kinsale Capital Group in the fourth quarter valued at $25,000. Fifth Third Bancorp grew its position in Kinsale Capital Group by 140.4% in the fourth quarter. Fifth Third Bancorp now owns 113 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 66 shares during the period. Russell Investments Group Ltd. bought a new stake in Kinsale Capital Group in the fourth quarter valued at $30,000. Evolution Advisers Inc. bought a new stake in Kinsale Capital Group in the fourth quarter valued at $32,000. Finally, Rise Advisors LLC bought a new stake in shares of Kinsale Capital Group during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

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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