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

Kinsale Capital Group (NYSE:KNSL) released its quarterly earnings data 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 return on equity of 30.33% and a net margin of 26.08%. The company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the prior year, the firm posted $3.31 earnings per share. The firm’s revenue was up 33.0% compared to the same quarter last year.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock traded down $24.27 during midday trading on Friday, hitting $434.15. 593,794 shares of the company’s stock were exchanged, compared to its average volume of 176,752. The stock has a 50-day moving average price of $468.92 and a two-hundred day moving average price of $428.10. Kinsale Capital Group has a 52-week low of $325.01 and a 52-week high of $548.47. The company has a market cap of $10.11 billion, a P/E ratio of 28.69, a PEG ratio of 2.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $0.15 dividend. The ex-dividend date of this dividend 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 presently 3.99%.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Oppenheimer began coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating for the company. Truist Financial lifted their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Jefferies Financial Group raised their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average target price 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.