Analysts expect Kinsale Capital Group (NASDAQ:KNSL) to announce earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kinsale Capital Group’s earnings, with estimates ranging from $0.32 to $0.40. Kinsale Capital Group reported earnings per share of $0.29 in the same quarter last year, which suggests a positive year-over-year growth rate of 24.1%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, May 3rd.
On average, analysts expect that Kinsale Capital Group will report full year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $1.97 to $2.10. For the next financial year, analysts expect that the firm will report earnings of $2.34 per share, with EPS estimates ranging from $2.28 to $2.40. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Kinsale Capital Group.
Kinsale Capital Group (NASDAQ:KNSL) last issued its quarterly earnings data on Monday, February 26th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). The firm had revenue of $50.74 million for the quarter, compared to analysts’ expectations of $49.23 million. Kinsale Capital Group had a return on equity of 11.76% and a net margin of 13.33%.
KNSL has been the topic of several recent research reports. BidaskClub upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Zacks Investment Research upgraded Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Friday, April 6th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $49.67.
In related news, SVP William J. Jr. Kenney sold 13,750 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $51.79, for a total transaction of $712,112.50. Following the sale, the senior vice president now owns 18,286 shares in the company, valued at approximately $947,031.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new stake in Kinsale Capital Group in the fourth quarter worth $319,000. LPL Financial LLC increased its stake in Kinsale Capital Group by 18.8% in the fourth quarter. LPL Financial LLC now owns 10,592 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 1,676 shares during the period. Goldman Sachs Group Inc. increased its stake in Kinsale Capital Group by 1.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 898,222 shares of the financial services provider’s stock worth $40,420,000 after purchasing an additional 17,044 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in Kinsale Capital Group in the fourth quarter worth $502,000. Finally, Deutsche Bank AG increased its stake in Kinsale Capital Group by 16.4% in the fourth quarter. Deutsche Bank AG now owns 35,173 shares of the financial services provider’s stock worth $1,582,000 after purchasing an additional 4,956 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.
NASDAQ:KNSL opened at $53.28 on Tuesday. Kinsale Capital Group has a fifty-two week low of $31.56 and a fifty-two week high of $55.10. The firm has a market cap of $1,099.23, a P/E ratio of 41.73 and a beta of 0.13.
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About Kinsale Capital Group
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.
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