Equities research analysts expect Kinsale Capital Group, Inc. (NASDAQ:KNSL – Get Rating) to post $177.86 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Kinsale Capital Group’s earnings. The highest sales estimate is $178.63 million and the lowest is $176.45 million. Kinsale Capital Group reported sales of $138.28 million during the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Kinsale Capital Group will report full-year sales of $772.90 million for the current year, with estimates ranging from $767.88 million to $775.89 million. For the next fiscal year, analysts forecast that the firm will report sales of $904.20 million, with estimates ranging from $896.05 million to $912.34 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Kinsale Capital Group.
Kinsale Capital Group (NASDAQ:KNSL – Get Rating) last issued its quarterly earnings results on Thursday, February 17th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.36. The company had revenue of $183.60 million for the quarter, compared to analyst estimates of $165.73 million. Kinsale Capital Group had a net margin of 23.86% and a return on equity of 20.56%. During the same period in the prior year, the firm earned $1.14 earnings per share.
KNSL stock opened at $238.44 on Friday. The company’s 50 day moving average price is $219.68 and its 200 day moving average price is $206.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.16 and a current ratio of 0.16. Kinsale Capital Group has a fifty-two week low of $153.12 and a fifty-two week high of $245.17. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 36.02 and a beta of 0.97.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 14th. Stockholders of record on Wednesday, March 2nd were paid a $0.13 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, March 1st. Kinsale Capital Group’s payout ratio is currently 7.85%.
In related news, CFO Bryan P. Petrucelli sold 4,649 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $198.82, for a total transaction of $924,314.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its position in Kinsale Capital Group by 23.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,604 shares of the financial services provider’s stock worth $2,047,000 after acquiring an additional 1,646 shares during the period. Janney Montgomery Scott LLC acquired a new position in Kinsale Capital Group in the 4th quarter worth about $266,000. Alliancebernstein L.P. increased its position in Kinsale Capital Group by 34.6% in the 3rd quarter. Alliancebernstein L.P. now owns 619,329 shares of the financial services provider’s stock worth $100,145,000 after purchasing an additional 159,157 shares during the last quarter. Yousif Capital Management LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $2,707,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Kinsale Capital Group by 426.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 6,807 shares of the financial services provider’s stock worth $1,619,000 after acquiring an additional 5,513 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.
About Kinsale Capital Group (Get Rating)
Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.
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