Zacks: Brokerages Expect Kinsale Capital Group (KNSL) Will Announce Earnings of $0.36 Per Share

Brokerages expect that Kinsale Capital Group (NASDAQ:KNSL) will announce earnings per share (EPS) of $0.36 for the current quarter, according to Zacks. Two analysts have made estimates for Kinsale Capital Group’s earnings, with estimates ranging from $0.32 to $0.40. Kinsale Capital Group reported earnings of $0.29 per share in the same quarter last year, which indicates a positive year over year growth rate of 24.1%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Kinsale Capital Group will report full year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.97 to $2.10. For the next fiscal year, analysts expect that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.28 to $2.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Kinsale Capital Group.

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Kinsale Capital Group (NASDAQ:KNSL) last posted its earnings results on Monday, February 26th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). The company had revenue of $50.74 million for the quarter, compared to analysts’ expectations of $49.23 million. Kinsale Capital Group had a net margin of 13.33% and a return on equity of 11.76%.

Several equities analysts recently weighed in on KNSL shares. Zacks Investment Research raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Saturday, December 23rd. BidaskClub raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, William Blair reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $49.67.

In other Kinsale Capital Group news, SVP William J. Jr. Kenney sold 13,750 shares of Kinsale Capital Group stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $51.79, for a total value of $712,112.50. Following the completion of the transaction, the senior vice president now directly owns 18,286 shares of the company’s stock, valued at approximately $947,031.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.20% of the company’s stock.

Large investors have recently modified their holdings of the business. US Bancorp DE grew its stake in shares of Kinsale Capital Group by 60.6% in the 4th quarter. US Bancorp DE now owns 3,106 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,172 shares in the last quarter. Aperio Group LLC purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth $234,000. Suntrust Banks Inc. purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth $254,000. Teacher Retirement System of Texas purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth $293,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth $313,000. 82.97% of the stock is owned by institutional investors and hedge funds.

KNSL traded up $0.24 during trading on Tuesday, hitting $53.52. 440,491 shares of the company traded hands, compared to its average volume of 84,691. The stock has a market capitalization of $1,127.77, a price-to-earnings ratio of 42.82 and a beta of 0.13. Kinsale Capital Group has a 1 year low of $31.56 and a 1 year high of $55.10.

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Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

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Earnings History and Estimates for Kinsale Capital Group (NASDAQ:KNSL)

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