FY2024 EPS Estimates for Kinsale Capital Group, Inc. Raised by Zacks Research (NYSE:KNSL)

Kinsale Capital Group, Inc. (NYSE:KNSL) – Equities research analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of Kinsale Capital Group in a research note issued to investors on Monday, September 2nd. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings per share of $15.18 for the year, up from their prior forecast of $15.07. 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 Q1 2025 earnings at $3.99 EPS, Q2 2025 earnings at $4.22 EPS, FY2025 earnings at $18.11 EPS and Q2 2026 earnings at $5.28 EPS.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share 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 firm had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. During the same quarter last year, the company earned $2.88 earnings per share. The firm’s revenue was up 30.0% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. TD Cowen initiated coverage on Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 price target on the stock. Royal Bank of Canada boosted their target price on 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. Truist Financial increased their price target on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. increased their target price 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. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and a consensus target price of $443.38.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $473.57 on Wednesday. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.14 and a beta of 1.06. The firm’s fifty day simple moving average is $430.32 and its 200-day simple moving average is $439.25. Kinsale Capital Group has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On Kinsale Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its holdings in shares of Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after buying an additional 24 shares during the period. Rise Advisors LLC boosted its position in shares of Kinsale Capital Group by 17.5% during the 1st quarter. Rise Advisors LLC now owns 181 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 27 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Kinsale Capital Group by 9.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 28 shares during the period. Personal CFO Solutions LLC increased its holdings in shares of Kinsale Capital Group by 3.7% in the 4th quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 35 shares in the last quarter. Finally, Hancock Whitney Corp lifted its stake in shares of Kinsale Capital Group by 3.1% in the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 38 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Dividend Announcement

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

About Kinsale Capital Group

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.