Zacks Research Has Bullish Forecast for KNSL FY2024 Earnings

Kinsale Capital Group, Inc. (NYSE:KNSL) – Equities research analysts at Zacks Research lifted their FY2024 earnings estimates for Kinsale Capital Group in a research note issued on Thursday, November 7th. Zacks Research analyst T. De now forecasts that the financial services provider will earn $15.47 per share for the year, up from their previous forecast of $15.18. The consensus estimate for Kinsale Capital Group’s current full-year earnings is $15.52 per share. Zacks Research also issued estimates for Kinsale Capital Group’s Q2 2025 earnings at $4.30 EPS, Q3 2025 earnings at $4.60 EPS, FY2025 earnings at $18.13 EPS, Q1 2026 earnings at $5.35 EPS, Q3 2026 earnings at $5.16 EPS and FY2026 earnings at $21.24 EPS.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same period in the prior year, the firm earned $3.31 EPS. The business’s revenue was up 33.0% on a year-over-year basis.

Several other research firms have also recently weighed in on KNSL. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada decreased their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group lifted their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Truist Financial reduced their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $455.88.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $477.19 on Monday. The business’s 50 day moving average is $458.38 and its 200-day moving average is $426.37. The firm has a market cap of $11.11 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09. Kinsale Capital Group has a 1-year low of $325.01 and a 1-year high of $548.47. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Kinsale Capital Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in Kinsale Capital Group by 113.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock valued at $2,148,000 after buying an additional 2,172 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Kinsale Capital Group by 249.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock valued at $2,061,000 after purchasing an additional 3,818 shares during the last quarter. Russell Investments Group Ltd. increased its position in Kinsale Capital Group by 44.3% during the 1st quarter. Russell Investments Group Ltd. now owns 37,328 shares of the financial services provider’s stock worth $19,588,000 after purchasing an additional 11,451 shares in the last quarter. Swedbank AB acquired a new position in Kinsale Capital Group during the 2nd quarter worth approximately $15,430,000. Finally, QRG Capital Management Inc. bought a new position in Kinsale Capital Group in the 2nd quarter valued at approximately $503,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

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.