Kinsale Capital Group (NYSE:KNSL – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.17, Briefing.com reports. The business had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. Kinsale Capital Group’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 earnings per share.
Kinsale Capital Group Stock Down 17.3 %
KNSL stock traded down $78.45 during midday trading on Friday, reaching $374.64. 802,508 shares of the company’s stock traded hands, compared to its average volume of 189,947. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 28.78 and a beta of 0.89. The firm’s fifty day moving average price is $494.22 and its 200-day moving average price is $416.33. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. Kinsale Capital Group has a 52 week low of $297.33 and a 52 week high of $548.47.
Kinsale Capital Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.15 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.16%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s payout ratio is currently 4.54%.
Insider Buying and Selling at Kinsale Capital Group
Analyst Ratings Changes
Several research firms have recently issued reports on KNSL. Truist Financial upped their price objective on Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. BMO Capital Markets downgraded shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and increased their target price for the company from $434.00 to $544.00 in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada increased their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $510.00.
Read Our Latest Stock Analysis on KNSL
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.
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