Brokerages Anticipate Kinsale Capital Group, Inc. (KNSL) Will Announce Earnings of $0.39 Per Share
Equities analysts expect Kinsale Capital Group, Inc. (NASDAQ:KNSL) to post earnings per share (EPS) of $0.39 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kinsale Capital Group’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.42. Kinsale Capital Group posted earnings of $0.32 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 7th.
On average, analysts expect that Kinsale Capital Group will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.28. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.76 per share, with EPS estimates ranging from $1.70 to $1.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Kinsale Capital Group.
Several research firms have recently weighed in on KNSL. Zacks Investment Research lowered Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. William Blair lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 price objective on shares of Kinsale Capital Group in a report on Sunday, August 6th. Finally, SunTrust Banks, Inc. set a $46.00 price objective on Kinsale Capital Group and gave the stock a “buy” rating in a report on Monday, August 7th.
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In related news, SVP Ann Marie Marson sold 2,500 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $43.00, for a total transaction of $107,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frederick L. Jr. Russell sold 124,812 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $36.58, for a total value of $4,565,622.96. The disclosure for this sale can be found here. Corporate insiders own 11.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of KNSL. Bamco Inc. NY increased its holdings in Kinsale Capital Group by 14.8% during the 3rd quarter. Bamco Inc. NY now owns 1,340,484 shares of the financial services provider’s stock worth $57,869,000 after purchasing an additional 172,674 shares in the last quarter. Granahan Investment Management Inc. MA increased its holdings in Kinsale Capital Group by 34.6% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 202,461 shares of the financial services provider’s stock worth $8,740,000 after purchasing an additional 52,078 shares in the last quarter. Engineers Gate Manager LP bought a new position in Kinsale Capital Group during the 3rd quarter worth about $328,000. Elk Creek Partners LLC increased its holdings in Kinsale Capital Group by 2.2% during the 3rd quarter. Elk Creek Partners LLC now owns 227,095 shares of the financial services provider’s stock worth $9,804,000 after purchasing an additional 4,897 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Kinsale Capital Group by 196.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 70,207 shares of the financial services provider’s stock worth $3,031,000 after purchasing an additional 46,507 shares in the last quarter. 76.95% of the stock is currently owned by institutional investors and hedge funds.
Kinsale Capital Group (KNSL) traded up $0.05 during mid-day trading on Friday, hitting $42.72. The stock had a trading volume of 99,843 shares, compared to its average volume of 104,211. Kinsale Capital Group has a 52 week low of $26.23 and a 52 week high of $47.78. The company has a market cap of $894.20 and a price-to-earnings ratio of 35.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Wednesday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 19.83%.
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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