Kinsale Capital Group (NYSE:KNSL) Issues Earnings Results

Kinsale Capital Group (NYSE:KNSL - Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $4.62 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.39, Zacks reports. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL traded down $37.34 during trading on Monday, hitting $449.77. 821,618 shares of the stock were exchanged, compared to its average volume of 173,716. Kinsale Capital Group has a 1-year low of $355.12 and a 1-year high of $548.47. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The company's fifty day simple moving average is $459.56 and its 200-day simple moving average is $465.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.42%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday. Wolfe Research raised Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective on the stock in a report on Monday, October 28th. Royal Bank of Canada lowered their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a report on Monday, October 28th. Truist Financial lowered their target price on Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley lowered their target price on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $460.78.

Insider Transactions at Kinsale Capital Group

In related news, Director James Joseph Ritchie sold 2,295 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now owns 6,994 shares of the company's stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by corporate insiders.

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.