Kinsale Capital Group (KNSL) Scheduled to Post Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Kinsale Capital Group to post earnings of $3.29 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The financial services provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.44 by $0.43. The business had revenue of $351.17 million for the quarter, compared to the consensus estimate of $367.98 million. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. The firm's revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 EPS. On average, analysts expect Kinsale Capital Group to post $15 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Kinsale Capital Group Trading Up 0.2 %

Kinsale Capital Group stock traded up $0.79 during mid-day trading on Thursday, hitting $452.20. 173,531 shares of the company's stock were exchanged, compared to its average volume of 182,906. The firm has a market capitalization of $10.49 billion, a P/E ratio of 34.23 and a beta of 0.89. Kinsale Capital Group has a fifty-two week low of $297.33 and a fifty-two week high of $548.47. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The company's 50 day simple moving average is $490.65 and its 200-day simple moving average is $415.01.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.14. Kinsale Capital Group's dividend payout ratio (DPR) is presently 4.54%.

Insider Buying and Selling at Kinsale Capital Group

In other news, CEO Michael P. Kehoe sold 4,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael P. Kehoe sold 4,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares of the company's stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. Company insiders own 6.00% of the company's stock.

Hedge Funds Weigh In On Kinsale Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atlas Capital Advisors LLC grew its holdings in Kinsale Capital Group by 12.5% during the second quarter. Atlas Capital Advisors LLC now owns 261 shares of the financial services provider's stock worth $98,000 after purchasing an additional 29 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in Kinsale Capital Group by 2.9% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,329 shares of the financial services provider's stock worth $348,000 after purchasing an additional 38 shares during the period. MGO One Seven LLC boosted its holdings in shares of Kinsale Capital Group by 6.7% during the fourth quarter. MGO One Seven LLC now owns 716 shares of the financial services provider's stock worth $240,000 after acquiring an additional 45 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Kinsale Capital Group by 4.9% during the first quarter. Mackenzie Financial Corp now owns 1,136 shares of the financial services provider's stock worth $259,000 after acquiring an additional 53 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Kinsale Capital Group by 127.3% during the second quarter. IFP Advisors Inc now owns 100 shares of the financial services provider's stock worth $37,000 after acquiring an additional 56 shares during the period. Institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KNSL. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Royal Bank of Canada lifted their price target on Kinsale Capital Group from $410.00 to $555.00 and gave the company an "outperform" rating in a research note on Tuesday, February 20th. Truist Financial lifted their price target on Kinsale Capital Group from $450.00 to $600.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. Finally, BMO Capital Markets downgraded Kinsale Capital Group from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of "Hold" and a consensus target price of $510.00.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.