Kinsale Capital Group (KNSL) Projected to Post Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL) is expected to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $4.23 per share and revenue of $416.62 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Kinsale Capital Group Stock Down 0.8 %

Shares of Kinsale Capital Group stock opened at $485.50 on Tuesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $11.31 billion, a P/E ratio of 27.68, a PEG ratio of 1.82 and a beta of 1.15. The firm’s 50 day moving average price is $462.43 and its 200-day moving average price is $464.49. Kinsale Capital Group has a 52-week low of $355.12 and a 52-week high of $548.47.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KNSL shares. Morgan Stanley initiated coverage on Kinsale Capital Group in a research report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price objective for the company. Truist Financial lowered their price target on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada cut their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. BMO Capital Markets lifted their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $468.89.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by insiders.

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.