Equities research analysts expect that Kinsale Capital Group Inc (NASDAQ:KNSL) will post earnings per share of $0.36 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kinsale Capital Group’s earnings, with estimates ranging from $0.32 to $0.40. Kinsale Capital Group posted earnings of $0.29 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.1%. The company is expected to report its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Kinsale Capital Group will report full-year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.97 to $2.10. For the next financial year, analysts anticipate that the company will report earnings of $2.34 per share, with EPS estimates ranging from $2.28 to $2.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Kinsale Capital Group.
KNSL has been the topic of several recent research reports. BidaskClub upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, William Blair reiterated a “hold” rating on shares of Kinsale Capital Group in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kinsale Capital Group has a consensus rating of “Buy” and an average target price of $48.67.
A number of hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY lifted its holdings in Kinsale Capital Group by 1.8% during the 4th quarter. Bamco Inc. NY now owns 1,364,484 shares of the financial services provider’s stock valued at $61,402,000 after purchasing an additional 24,000 shares during the last quarter. BlackRock Inc. lifted its holdings in Kinsale Capital Group by 3.3% during the 4th quarter. BlackRock Inc. now owns 978,846 shares of the financial services provider’s stock valued at $44,048,000 after purchasing an additional 31,455 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Kinsale Capital Group by 1.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 898,222 shares of the financial services provider’s stock valued at $40,420,000 after purchasing an additional 17,044 shares during the last quarter. American Century Companies Inc. lifted its holdings in Kinsale Capital Group by 31.4% during the 4th quarter. American Century Companies Inc. now owns 574,173 shares of the financial services provider’s stock valued at $25,838,000 after purchasing an additional 137,172 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Kinsale Capital Group by 5.4% during the 4th quarter. Wells Fargo & Company MN now owns 529,696 shares of the financial services provider’s stock valued at $23,837,000 after purchasing an additional 27,349 shares during the last quarter. 83.06% of the stock is owned by hedge funds and other institutional investors.
Shares of Kinsale Capital Group (KNSL) opened at $53.66 on Wednesday. The stock has a market cap of $1,130.00 and a price-to-earnings ratio of 42.93. Kinsale Capital Group has a 12-month low of $30.36 and a 12-month high of $54.08.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.07 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Tuesday, February 27th. Kinsale Capital Group’s payout ratio is 22.40%.
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About Kinsale Capital Group
Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.
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