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

Kinsale Capital Group (NYSE:KNSL) is scheduled to be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $3.74 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. The business had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company earned $2.88 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 Price Performance

Shares of NYSE KNSL opened at $468.92 on Tuesday. The firm’s 50 day simple moving average is $470.04 and its 200-day simple moving average is $427.59. Kinsale Capital Group has a 12 month low of $325.01 and a 12 month high of $548.47. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio is currently 3.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KNSL shares. Jefferies Financial Group lifted their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Royal Bank of Canada lifted their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Finally, Truist Financial lifted their target price on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and a consensus target price of $446.00.

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.