Kinsale Capital Group (KNSL) Expected to Announce Earnings of $0.36 Per Share

Wall Street analysts expect Kinsale Capital Group (NASDAQ:KNSL) to report earnings per share (EPS) of $0.36 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kinsale Capital Group’s earnings, with estimates ranging from $0.32 to $0.40. Kinsale Capital Group posted earnings per share of $0.29 in the same quarter last year, which would indicate a positive year over year growth rate of 24.1%. The company is scheduled to report its next earnings results after the market closes on Thursday, May 3rd.

On average, 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 financial year, analysts forecast that the firm will report earnings of $2.34 per share, with EPS estimates ranging from $2.28 to $2.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Kinsale Capital Group.

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Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings results on Monday, February 26th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The company had revenue of $50.74 million during 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%.

A number of brokerages have recently issued reports on KNSL. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, April 6th. BidaskClub upgraded shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 8th. Finally, William Blair reiterated a “hold” rating on shares of Kinsale Capital Group in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.67.

Shares of KNSL opened at $53.35 on Tuesday. The stock has a market capitalization of $1,089.01, a PE ratio of 42.68 and a beta of 0.13. Kinsale Capital Group has a 52-week low of $31.56 and a 52-week high of $55.10.

In related news, SVP William J. Jr. Kenney sold 13,750 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $51.79, for a total value of $712,112.50. Following the sale, 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 SEC, which is available through this hyperlink. 8.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in Kinsale Capital Group by 13.7% in the 3rd quarter. Wells Fargo & Company MN now owns 502,347 shares of the financial services provider’s stock valued at $21,686,000 after acquiring an additional 60,509 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Kinsale Capital Group by 1.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 898,222 shares of the financial services provider’s stock valued at $40,420,000 after acquiring an additional 17,044 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Kinsale Capital Group in the 4th quarter valued at about $293,000. Eagle Asset Management Inc. acquired a new stake in Kinsale Capital Group in the 4th quarter valued at about $6,341,000. Finally, Allianz Asset Management GmbH acquired a new stake in Kinsale Capital Group in the 4th quarter valued at about $11,527,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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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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