Zacks Research Comments on Kinsale Capital Group, Inc.’s Q3 2024 Earnings (NYSE:KNSL)

Kinsale Capital Group, Inc. (NYSE:KNSL) – Research analysts at Zacks Research boosted their Q3 2024 earnings per share estimates for Kinsale Capital Group in a research note issued to investors on Monday, September 2nd. Zacks Research analyst T. De now expects that the financial services provider will post earnings per share of $3.68 for the quarter, up from their previous estimate of $3.62. The consensus estimate for Kinsale Capital Group’s current full-year earnings is $15.29 per share. Zacks Research also issued estimates for Kinsale Capital Group’s Q4 2024 earnings at $4.26 EPS, Q3 2025 earnings at $4.49 EPS, Q4 2025 earnings at $5.41 EPS, Q1 2026 earnings at $5.34 EPS and FY2026 earnings at $20.87 EPS.

Other equities analysts also recently issued research reports about the stock. TD Cowen started 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 on the stock. Royal Bank of Canada lifted 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. JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Truist Financial boosted their price target on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $443.38.

Kinsale Capital Group Trading Down 0.8 %

Shares of KNSL stock opened at $461.50 on Thursday. The firm’s 50-day simple moving average is $437.11 and its 200-day simple moving average is $439.16. 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 has a 1-year low of $325.01 and a 1-year high of $548.47. The firm has a market cap of $10.74 billion, a P/E ratio of 30.66, a PEG ratio of 2.14 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. During the same period in the prior year, the firm posted $2.88 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KNSL. Headlands Technologies LLC purchased a new position in Kinsale Capital Group in the 1st quarter worth about $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $33,000. Trust Co. of Vermont grew its holdings in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. Quarry LP acquired a new position in shares of Kinsale Capital Group in the fourth quarter worth $40,000. Finally, Principal Securities Inc. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth $44,000. 85.36% of the stock is currently owned by institutional investors.

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.