Kinsale Capital Group (KNSL) to Release Quarterly Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL) is scheduled to announce 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 announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The firm had revenue of $384.55 million for the quarter, compared to analyst estimates of $410.20 million. During the same quarter in the prior year, the business earned $2.88 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. 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 Stock Performance

NYSE KNSL opened at $471.40 on Thursday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. Kinsale Capital Group has a 12-month low of $325.01 and a 12-month high of $548.47. The company has a market cap of $10.97 billion, a P/E ratio of 31.32, a PEG ratio of 2.05 and a beta of 1.08. The company has a fifty day simple moving average of $469.67 and a 200 day simple moving average of $427.83.

Kinsale Capital Group Dividend Announcement

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

Analyst Upgrades and Downgrades

KNSL has been the topic of several research analyst reports. Oppenheimer began coverage on Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company 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. Jefferies Financial Group upped their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada increased their price objective on 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. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and an average price target of $446.00.

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.