Kinsale Capital Group (NYSE:KNSL) Issues Quarterly Earnings Results

by · The Markets Daily

Kinsale Capital Group (NYSE:KNSL – Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $5.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.59, FiscalAI reports. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The firm had revenue of $454.80 million for the quarter, compared to analyst estimates of $401.43 million.

Kinsale Capital Group Stock Up 3.8%

Shares of NYSE:KNSL traded up $14.14 during midday trading on Thursday, hitting $390.85. The stock had a trading volume of 322,716 shares, compared to its average volume of 267,636. Kinsale Capital Group has a 12 month low of $287.20 and a 12 month high of $462.82. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The business’s 50-day simple moving average is $359.77 and its 200-day simple moving average is $341.81. The company has a market cap of $8.90 billion, a P/E ratio of 15.84, a PEG ratio of 1.17 and a beta of 0.88.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.05%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Kinsale Capital Group from $377.00 to $348.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Morgan Stanley decreased their price objective on Kinsale Capital Group from $390.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $390.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Cantor Fitzgerald upped their target price on Kinsale Capital Group from $259.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, October 7th. Finally, Weiss Ratings upgraded Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Reduce” and an average target price of $357.67.

View Our Latest Analysis on KNSL

Kinsale Capital Group Company Profile

(Get Free Report)

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.

Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers’ compensation and other specialty risks.

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