Kinsale Capital Group (KNSL) to Release Quarterly Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL - Get Free Report) is projected to release its earnings data after the market closes on Thursday, February 13th. Analysts expect Kinsale Capital Group to post earnings of $4.23 per share and revenue of $416.62 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Kinsale Capital Group Price Performance

NYSE:KNSL traded down $5.95 during mid-day trading on Friday, reaching $488.77. The stock had a trading volume of 158,706 shares, compared to its average volume of 173,716. Kinsale Capital Group has a one year low of $355.12 and a one year high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a 50 day moving average price of $462.43 and a two-hundred day moving average price of $463.84. The stock has a market capitalization of $11.38 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.82 and a beta of 1.15.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group's dividend payout ratio (DPR) is 3.42%.

Insider Buying and Selling

In related news, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares of the company's stock, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock valued at $3,618,954 over the last three months. Corporate insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada decreased their price target on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. BMO Capital Markets increased their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a research report on Thursday, November 21st. Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a research report on Thursday, December 5th. They issued an "overweight" rating and a $593.00 price objective on the stock. Finally, Truist Financial dropped their target price on shares of Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $468.89.

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.