Kinsale Capital Group (NYSE:KNSL) Announces Earnings Results

Kinsale Capital Group (NYSE:KNSL - Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.60, Briefing.com reports. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the previous year, the firm posted $3.31 EPS. The business's revenue was up 33.0% compared to the same quarter last year.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock traded down $24.27 on Friday, reaching $434.15. 606,703 shares of the company traded hands, compared to its average volume of 138,016. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a 50 day moving average of $467.94 and a 200 day moving average of $427.77. The firm has a market capitalization of $10.11 billion, a PE ratio of 27.31, a PEG ratio of 2.03 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group's dividend payout ratio is currently 3.77%.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of analyst reports. Wolfe Research cut shares of Kinsale Capital Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada upped their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a "sector perform" rating in a research note on Monday, July 29th. Oppenheimer started coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a "market perform" rating on the stock. Finally, Jefferies Financial Group upped their target price on shares of 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.