Wall Street brokerages expect that Kinsale Capital Group, Inc. (NASDAQ:KNSL) will report earnings per share of $0.33 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kinsale Capital Group’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.32. Kinsale Capital Group posted earnings per share of $0.42 in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.4%. The company is scheduled to report its next earnings report on Wednesday, September 6th.
On average, analysts expect that Kinsale Capital Group will report full year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.32 to $1.47. For the next financial year, analysts anticipate that the business will report earnings of $1.71 per share, with EPS estimates ranging from $1.60 to $1.84. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Kinsale Capital Group.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Kinsale Capital Group in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Kinsale Capital Group has an average rating of “Buy” and an average price target of $26.25.
In other Kinsale Capital Group news, major shareholder Moelis Capital Partners Opport sold 4,307,774 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $31.60, for a total value of $136,125,658.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 250,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $31.60, for a total transaction of $7,900,000.00. The disclosure for this sale can be found here. Corporate insiders own 11.20% of the company’s stock.
Large investors have recently modified their holdings of the company. Sei Investments Co. increased its stake in shares of Kinsale Capital Group by 27.3% in the first quarter. Sei Investments Co. now owns 19,630 shares of the financial services provider’s stock worth $629,000 after buying an additional 4,210 shares during the last quarter. Tygh Capital Management Inc. boosted its position in Kinsale Capital Group by 3.7% in the first quarter. Tygh Capital Management Inc. now owns 240,916 shares of the financial services provider’s stock worth $7,719,000 after buying an additional 8,570 shares during the last quarter. American Century Companies Inc. boosted its position in Kinsale Capital Group by 31.8% in the first quarter. American Century Companies Inc. now owns 380,583 shares of the financial services provider’s stock worth $12,194,000 after buying an additional 91,766 shares during the last quarter. Wells Fargo & Company MN boosted its position in Kinsale Capital Group by 15.2% in the first quarter. Wells Fargo & Company MN now owns 362,139 shares of the financial services provider’s stock worth $11,602,000 after buying an additional 47,832 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new position in Kinsale Capital Group during the first quarter worth $793,000. 55.66% of the stock is owned by institutional investors and hedge funds.
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Shares of Kinsale Capital Group (NASDAQ KNSL) traded up 1.44% during trading on Monday, hitting $37.22. The stock had a trading volume of 98,656 shares. The stock’s 50 day moving average is $35.63 and its 200 day moving average is $32.44. The stock has a market capitalization of $780.43 million and a price-to-earnings ratio of 65.99. Kinsale Capital Group has a 52 week low of $18.00 and a 52 week high of $38.04.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, June 1st. Kinsale Capital Group’s payout ratio is 18.90%.
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.
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