Kinsale Capital Group (KNSL) Scheduled to Post Quarterly Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL) will issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $3.74 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Kinsale Capital Group (NYSE:KNSL) last posted its 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. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The company had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. During the same quarter last year, the firm earned $2.88 earnings per share. The firm’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

Shares of Kinsale Capital Group stock opened at $471.40 on Thursday. The business’s fifty day simple moving average is $469.67 and its 200-day simple moving average is $427.83. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The firm has a market cap of $10.97 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47.

Kinsale Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

KNSL has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating for the company. Royal Bank of Canada upped their target price on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Truist Financial raised their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.