Kinsale Capital Group (NYSE:KNSL) Posts Earnings Results, Beats Expectations By $0.50 EPS

Kinsale Capital Group (NYSE:KNSL) announced its quarterly earnings results on Thursday. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.50, Briefing.com reports. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same period in the previous year, the firm posted $3.31 EPS. The firm’s revenue was up 33.0% on a year-over-year basis.

Kinsale Capital Group Trading Down 5.3 %

Shares of KNSL traded down $24.27 during trading hours on Friday, hitting $434.15. 601,290 shares of the stock were exchanged, compared to its average volume of 176,788. Kinsale Capital Group has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The business has a 50-day moving average of $468.92 and a 200-day moving average of $428.10. The firm has a market capitalization of $10.11 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.99%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Oppenheimer assumed coverage on Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Royal Bank of Canada raised their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, Jefferies Financial Group boosted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus 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.