Zacks Research Comments on Kinsale Capital Group, Inc.’s FY2024 Earnings (NYSE:KNSL)

Kinsale Capital Group, Inc. (NYSE:KNSL) – Equities research analysts at Zacks Research increased their FY2024 earnings estimates for shares of Kinsale Capital Group in a report released on Monday, September 2nd. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings of $15.18 per share for the year, up from their prior estimate of $15.07. The consensus estimate for Kinsale Capital Group’s current full-year earnings is $15.29 per share. Zacks Research also issued estimates for Kinsale Capital Group’s Q1 2025 earnings at $3.99 EPS, Q2 2025 earnings at $4.22 EPS, FY2025 earnings at $18.11 EPS and Q2 2026 earnings at $5.28 EPS.

Several other equities analysts have also issued reports on KNSL. JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada lifted their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Truist Financial lifted their price target on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Oppenheimer assumed coverage on Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating for the company. Finally, TD Cowen assumed coverage on Kinsale Capital Group in a research report on Monday, May 20th. They issued a “hold” rating and a $403.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $443.38.

Kinsale Capital Group Price Performance

KNSL opened at $475.06 on Wednesday. The stock has a 50-day moving average price of $432.09 and a 200-day moving average price of $439.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $11.06 billion, a PE ratio of 31.57, a P/E/G ratio of 2.14 and a beta of 1.08. Kinsale Capital Group has a 1 year low of $325.01 and a 1 year high of $548.47.

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

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Institutional Investors Weigh In On Kinsale Capital Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. increased its position in shares of Kinsale Capital Group by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 24 shares during the last quarter. Rise Advisors LLC grew its stake in shares of Kinsale Capital Group by 17.5% during the 1st quarter. Rise Advisors LLC now owns 181 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 27 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Kinsale Capital Group by 9.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 28 shares during the period. Personal CFO Solutions LLC grew its stake in shares of Kinsale Capital Group by 3.7% during the 4th quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 35 shares during the period. Finally, Hancock Whitney Corp grew its stake in shares of Kinsale Capital Group by 3.1% during the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

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.