Q3 2018 EPS Estimates for Kinsale Capital Group Inc Boosted by SunTrust Banks (KNSL)

Kinsale Capital Group Inc (NASDAQ:KNSL) – Analysts at SunTrust Banks increased their Q3 2018 earnings per share estimates for Kinsale Capital Group in a report issued on Friday. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings of $0.54 per share for the quarter, up from their previous estimate of $0.47. SunTrust Banks has a “Buy” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for Kinsale Capital Group’s Q4 2018 earnings at $0.60 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $2.28 EPS.

Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. Kinsale Capital Group had a return on equity of 11.69% and a net margin of 14.65%.

Several other equities analysts have also commented on the company. Zacks Investment Research upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Wednesday, January 10th. BidaskClub lowered Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, William Blair lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $47.33.

Kinsale Capital Group (NASDAQ KNSL) opened at $45.20 on Monday. The company has a market capitalization of $950.56, a price-to-earnings ratio of 37.36 and a beta of -0.23. Kinsale Capital Group has a 52 week low of $27.19 and a 52 week high of $47.78.

In other Kinsale Capital Group news, SVP Ann Marie Marson sold 7,500 shares of Kinsale Capital Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $43.00, for a total value of $322,500.00. Following the transaction, the senior vice president now owns 105,334 shares in the company, valued at $4,529,362. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake 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 purchasing an additional 515 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in Kinsale Capital Group by 24.6% in the third quarter. Thompson Davis & CO. Inc. now owns 9,500 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 1,875 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in Kinsale Capital Group by 5.1% in the third quarter. Cadence Capital Management LLC now owns 39,290 shares of the financial services provider’s stock worth $1,696,000 after acquiring an additional 1,898 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Kinsale Capital Group by 5.0% in the third quarter. Prudential Financial Inc. now owns 51,115 shares of the financial services provider’s stock worth $2,206,000 after acquiring an additional 2,440 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kinsale Capital Group by 678.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 2,463 shares in the last quarter. Institutional investors own 82.35% of the company’s stock.

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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.

Earnings History and Estimates for Kinsale Capital Group (NASDAQ:KNSL)

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