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

Kinsale Capital Group, Inc. (NYSE:KNSL) – Stock analysts at Zacks Research lifted their FY2024 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 forecasts that the financial services provider will post earnings of $15.18 per share for the year, up from their previous 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.

Several other analysts have also issued reports on the stock. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a report on Monday, July 29th. TD Cowen initiated coverage on Kinsale Capital Group in a research report on Monday, May 20th. They issued a “hold” rating and a $403.00 target price for the company. Oppenheimer initiated coverage on Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. lifted their target price on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada lifted their target price on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $443.38.

Kinsale Capital Group Stock Down 1.9 %

NYSE KNSL opened at $465.27 on Wednesday. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $434.01 and its 200-day simple moving average is $439.28. The firm has a market cap of $10.83 billion, a PE ratio of 30.91, a P/E/G ratio of 2.14 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business had revenue of $384.55 million for the quarter, compared to analyst estimates of $410.20 million. During the same quarter in the previous year, the firm earned $2.88 EPS. The company’s quarterly revenue was up 30.0% compared to the same quarter last year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date is Thursday, August 29th. Kinsale Capital Group’s payout ratio is 3.99%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KNSL. Sanctuary Advisors LLC acquired a new stake in Kinsale Capital Group in the second quarter valued at $481,000. Cetera Investment Advisers grew its holdings in Kinsale Capital Group by 40.7% in the second quarter. Cetera Investment Advisers now owns 7,064 shares of the financial services provider’s stock valued at $2,722,000 after purchasing an additional 2,043 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Kinsale Capital Group in the second quarter valued at $8,386,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Kinsale Capital Group by 18.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,384 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 214 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Kinsale Capital Group by 8.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 735 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

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.