Zacks Research Has Pessimistic Outlook of KNSL Q1 Earnings

Kinsale Capital Group, Inc. (NYSE:KNSL) – Equities research analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of Kinsale Capital Group in a report issued on Monday, February 24th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $3.28 for the quarter, down from their prior forecast of $3.98. The consensus estimate for Kinsale Capital Group’s current full-year earnings is $17.72 per share.

Several other equities research analysts have also recently issued reports on KNSL. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial lifted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley lowered their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, BMO Capital Markets lifted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Stock Down 1.4 %

KNSL opened at $417.31 on Thursday. The firm has a market cap of $9.72 billion, a P/E ratio of 23.46, a PEG ratio of 1.66 and a beta of 1.16. The business’s fifty day simple moving average is $448.75 and its 200 day simple moving average is $464.58. Kinsale Capital Group has a 52 week low of $355.12 and a 52 week high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of Kinsale Capital Group by 5.9% in the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after buying an additional 29,686 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Kinsale Capital Group by 7,392.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 1,035 shares in the last quarter. Geneva Capital Management LLC increased its position in shares of Kinsale Capital Group by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after purchasing an additional 5,207 shares during the last quarter. Swedbank AB raised its stake in shares of Kinsale Capital Group by 5.0% in the 3rd quarter. Swedbank AB now owns 42,060 shares of the financial services provider’s stock valued at $19,582,000 after purchasing an additional 2,010 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kinsale Capital Group by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock worth $69,126,000 after purchasing an additional 3,469 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Activity

In other news, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now owns 7,348 shares of the company’s stock, valued at $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.16%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio is presently 3.82%.

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.