What is Zacks Research's Forecast for KNSL FY2024 Earnings?

Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) - Research analysts at Zacks Research boosted their FY2024 earnings estimates for Kinsale Capital Group in a research report issued to clients and investors on Thursday, November 7th. Zacks Research analyst T. De now anticipates that the financial services provider will earn $15.47 per share for the year, up from their previous estimate of $15.18. The consensus estimate for Kinsale Capital Group's current full-year earnings is $15.52 per share. Zacks Research also issued estimates for Kinsale Capital Group's Q2 2025 earnings at $4.30 EPS, Q3 2025 earnings at $4.60 EPS, FY2025 earnings at $18.13 EPS, Q1 2026 earnings at $5.35 EPS, Q3 2026 earnings at $5.16 EPS and FY2026 earnings at $21.24 EPS.

Several other analysts have also weighed in on the company. Royal Bank of Canada cut their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a report on Monday, October 28th. Truist Financial reduced their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Wolfe Research raised Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Jefferies Financial Group raised their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $455.88.

Kinsale Capital Group Price Performance

NYSE:KNSL traded up $20.83 during midday trading on Monday, hitting $477.19. 159,746 shares of the stock were exchanged, compared to its average volume of 175,295. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.97 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group has a one year low of $325.01 and a one year high of $548.47. The business has a 50-day moving average price of $458.38 and a two-hundred day moving average price of $426.37.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. Kinsale Capital Group's revenue was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group's payout ratio is 3.42%.

Institutional Investors Weigh In On Kinsale Capital Group

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in Kinsale Capital Group by 113.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider's stock worth $2,148,000 after buying an additional 2,172 shares during the period. GSA Capital Partners LLP raised its stake in shares of Kinsale Capital Group by 8.2% in the 1st quarter. GSA Capital Partners LLP now owns 907 shares of the financial services provider's stock valued at $476,000 after purchasing an additional 69 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Kinsale Capital Group by 3.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,921 shares of the financial services provider's stock worth $1,533,000 after buying an additional 96 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Kinsale Capital Group by 27.9% during the first quarter. Concurrent Investment Advisors LLC now owns 775 shares of the financial services provider's stock worth $406,000 after buying an additional 169 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Kinsale Capital Group by 37.0% in the 1st quarter. Sei Investments Co. now owns 84,109 shares of the financial services provider's stock valued at $44,133,000 after acquiring an additional 22,726 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

About Kinsale Capital Group

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.