Kinsale Capital Group (NASDAQ:KNSL) posted its earnings results on Thursday. The financial services provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01, Bloomberg Earnings reports. The business had revenue of $72.57 million during the quarter, compared to analyst estimates of $69.49 million. Kinsale Capital Group had a return on equity of 17.37% and a net margin of 18.67%.
Shares of NASDAQ KNSL traded up $0.18 during midday trading on Friday, hitting $90.16. 175,869 shares of the company’s stock were exchanged, compared to its average volume of 112,123. Kinsale Capital Group has a 12-month low of $50.34 and a 12-month high of $99.70. The stock has a market capitalization of $1.92 billion, a P/E ratio of 50.37 and a beta of 0.54. The firm has a fifty day moving average price of $91.51.
A number of research analysts have weighed in on KNSL shares. Royal Bank of Canada lifted their target price on Kinsale Capital Group from $70.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Zacks Investment Research lowered Kinsale Capital Group from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. SunTrust Banks lifted their target price on Kinsale Capital Group from $85.00 to $100.00 and gave the company a “buy” rating in a report on Monday, July 1st. They noted that the move was a valuation call. TheStreet raised Kinsale Capital Group from a “c+” rating to an “a-” rating in a report on Friday, May 10th. Finally, BidaskClub lowered Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $95.00.
In other news, CEO Michael P. Kehoe sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $84.46, for a total transaction of $844,600.00. Following the completion of the transaction, the chief executive officer now owns 350,339 shares of the company’s stock, valued at $29,589,631.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick L. Jr. Russell sold 5,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $81.96, for a total value of $409,800.00. Following the transaction, the director now directly owns 2,281 shares of the company’s stock, valued at approximately $186,950.76. The disclosure for this sale can be found here. Insiders have sold 30,787 shares of company stock valued at $2,649,350 in the last three months. 8.30% of the stock is owned by insiders.
Kinsale Capital Group Company Profile
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 and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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