Zacks Research Brokers Reduce Earnings Estimates for KNSL

Key Points

• Zacks Research lowered its Q4 2027 EPS estimate for Kinsale Capital Group to $6.00 from $6.02, while forecasting FY2028 EPS of $22.90.
• Kinsale recently beat quarterly expectations, reporting $5.54 EPS versus the $5.11 consensus and $548.52 million in revenue, up 16.8% year over year.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $368.78, below the stock’s reported opening price of $388.56.

Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) - Analysts at Zacks Research dropped their Q4 2027 earnings per share estimates for shares of Kinsale Capital Group in a research note issued to investors on Tuesday, August 25th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $6.00 for the quarter, down from their prior forecast of $6.02. The consensus estimate for Kinsale Capital Group's current full-year earnings is $21.10 per share. Zacks Research also issued estimates for Kinsale Capital Group's FY2028 earnings at $22.90 EPS.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The firm had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. During the same quarter in the previous year, the company earned $4.78 EPS. The business's revenue for the quarter was up 16.8% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on the stock. TD Cowen restated a "hold" rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Wells Fargo & Company raised their price objective on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. Morgan Stanley lifted their price objective on shares of Kinsale Capital Group from $345.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 19th. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Finally, JPMorgan Chase & Co. increased their target price on Kinsale Capital Group from $380.00 to $390.00 and gave the company a "neutral" rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of "Reduce" and an average target price of $368.78.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $388.56 on Wednesday. Kinsale Capital Group has a one year low of $287.20 and a one year high of $485.00. The company has a 50-day moving average of $349.91 and a two-hundred day moving average of $345.11. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09.

Hedge Funds Weigh In On Kinsale Capital Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bayban acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth $25,000. International Assets Investment Management LLC bought a new stake in Kinsale Capital Group in the fourth quarter worth $29,000. Johnson Financial Group Inc. increased its position in Kinsale Capital Group by 257.1% during the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider's stock worth $32,000 after buying an additional 54 shares during the last quarter. Larson Financial Group LLC raised its holdings in Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider's stock valued at $33,000 after buying an additional 54 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Kinsale Capital Group during the second quarter valued at about $38,000. Institutional investors own 85.36% of the company's stock.

Insider Activity

In other news, CAO Christopher R. Tangard purchased 330 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average price of $304.00 per share, with a total value of $100,320.00. Following the purchase, the chief accounting officer owned 380 shares in the company, valued at $115,520. This represents a 660.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group's payout ratio is currently 4.05%.

About Kinsale Capital Group

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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