Kinsale Capital Group, Inc. (KNSL) Expected to Post Earnings of $0.09 Per Share
Analysts predict that Kinsale Capital Group, Inc. (NASDAQ:KNSL) will post $0.09 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Kinsale Capital Group’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.10. Kinsale Capital Group posted earnings per share of $0.24 during the same quarter last year, which indicates a negative year-over-year growth rate of 62.5%. The firm is expected to announce its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Kinsale Capital Group will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.15. For the next fiscal year, analysts expect that the firm will report earnings of $1.76 per share, with EPS estimates ranging from $1.70 to $1.84. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Kinsale Capital Group.
Several brokerages recently issued reports on KNSL. SunTrust Banks, Inc. reissued a “buy” rating and set a $50.00 target price on shares of Kinsale Capital Group in a report on Monday. They noted that the move was a valuation call. William Blair cut shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a report on Monday. Zacks Investment Research raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $41.00 target price on shares of Kinsale Capital Group in a report on Sunday, August 6th.
Shares of Kinsale Capital Group (NASDAQ:KNSL) opened at 42.72 on Friday. The company has a market cap of $895.75 million, a price-to-earnings ratio of 67.28 and a beta of 0.09. The firm has a 50 day moving average price of $42.30 and a 200-day moving average price of $42.30. Kinsale Capital Group has a 52-week low of $20.84 and a 52-week high of $47.78.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 19.20%.
In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 124,812 shares of Kinsale Capital Group stock in a transaction on Monday, September 11th. The shares were sold at an average price of $36.58, for a total value of $4,565,622.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. purchased a new position in Kinsale Capital Group in the first quarter valued at $129,000. Russell Investments Group Ltd. increased its holdings in Kinsale Capital Group by 17.0% in the second quarter. Russell Investments Group Ltd. now owns 3,540 shares of the financial services provider’s stock valued at $132,000 after buying an additional 515 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Kinsale Capital Group in the first quarter valued at $204,000. Hancock Holding Co. purchased a new position in Kinsale Capital Group in the second quarter valued at $216,000. Finally, Alliancebernstein L.P. purchased a new position in Kinsale Capital Group in the first quarter valued at $218,000. 79.79% of the stock is owned by institutional investors.
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Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.
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