Q3 2024 EPS Estimates for Kinsale Capital Group, Inc. Decreased by Zacks Research (NYSE:KNSL)

Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) - Zacks Research decreased their Q3 2024 earnings estimates for shares of Kinsale Capital Group in a report issued on Thursday, August 8th. Zacks Research analyst T. De now forecasts that the financial services provider will earn $3.62 per share for the quarter, down from their prior estimate of $3.73. The consensus estimate for Kinsale Capital Group's current full-year earnings is $15.23 per share. Zacks Research also issued estimates for Kinsale Capital Group's Q4 2024 earnings at $4.20 EPS, Q3 2025 earnings at $4.40 EPS, Q4 2025 earnings at $5.31 EPS, Q1 2026 earnings at $5.23 EPS, Q2 2026 earnings at $5.36 EPS and FY2026 earnings at $20.78 EPS.

Several other brokerages have also recently issued reports on KNSL. JPMorgan Chase & Co. upped their target price on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a "neutral" rating in a report on Thursday, July 11th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a "market perform" rating for the company. Royal Bank of Canada upped their target price 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. BMO Capital Markets lowered their target price on shares of Kinsale Capital Group from $544.00 to $453.00 and set a "market perform" rating for the company in a report on Tuesday, April 30th. Finally, TD Cowen assumed coverage on shares of Kinsale Capital Group in a research note on Monday, May 20th. They set a "hold" rating and a $403.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $443.38.

Kinsale Capital Group Stock Down 0.4 %

Shares of Kinsale Capital Group stock traded down $1.92 during trading hours on Monday, hitting $464.74. The company had a trading volume of 106,841 shares, compared to its average volume of 188,434. The company's 50-day moving average is $400.13 and its two-hundred day moving average is $430.66. Kinsale Capital Group has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $10.82 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business had revenue of $384.55 million during the quarter, compared to analysts' expectations of $410.20 million. During the same quarter in the prior year, the business posted $2.88 EPS. The company's revenue for the quarter was up 30.0% on a year-over-year basis.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Friday, May 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Friday, May 31st. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.99%.

Hedge Funds Weigh In On Kinsale Capital Group

A number of large investors have recently made changes to their positions in the stock. Inspire Investing LLC increased its holdings in shares of Kinsale Capital Group by 8.7% in the 2nd quarter. Inspire Investing LLC now owns 5,781 shares of the financial services provider's stock valued at $2,227,000 after purchasing an additional 461 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Kinsale Capital Group in the 2nd quarter valued at about $921,000. Hsbc Holdings PLC purchased a new position in shares of Kinsale Capital Group in the 2nd quarter valued at about $955,000. Blair William & Co. IL increased its holdings in shares of Kinsale Capital Group by 53.5% in the 2nd quarter. Blair William & Co. IL now owns 40,439 shares of the financial services provider's stock valued at $15,580,000 after purchasing an additional 14,090 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Kinsale Capital Group by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,507 shares of the financial services provider's stock valued at $966,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

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.