Kinsale Capital Group (KNSL) Expected to Announce Quarterly Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL) is projected to post its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Kinsale Capital Group to post earnings of $4.23 per share and revenue of $416.62 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Kinsale Capital Group Stock Up 6.2 %

KNSL opened at $485.82 on Thursday. Kinsale Capital Group has a 52 week low of $355.12 and a 52 week high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of $463.84 and a two-hundred day simple moving average of $462.03. The company has a market capitalization of $11.31 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s payout ratio is presently 3.42%.

Insiders Place Their Bets

In other news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now owns 447 shares of the company’s stock, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock valued at $3,618,954 over the last 90 days. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

KNSL has been the topic of several recent research reports. Truist Financial decreased their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research note on Monday, October 28th. Jefferies Financial Group lifted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada decreased their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $468.89.

Kinsale Capital Group Company Profile

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.