Wall Street analysts predict that Kinsale Capital Group Inc (NASDAQ:KNSL) will announce sales of $49.23 million for the current quarter, according to Zacks. Two analysts have made estimates for Kinsale Capital Group’s earnings, with estimates ranging from $49.06 million to $49.40 million. Kinsale Capital Group reported sales of $40.35 million during the same quarter last year, which would suggest a positive year over year growth rate of 22%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Kinsale Capital Group will report full year sales of $49.23 million for the current fiscal year, with estimates ranging from $185.09 million to $185.43 million. For the next year, analysts forecast that the company will report sales of $214.02 million per share, with estimates ranging from $209.37 million to $218.66 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Kinsale Capital Group.
Several research firms have recently commented on KNSL. Zacks Investment Research cut shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, December 25th. BidaskClub upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. SunTrust Banks reiterated a “buy” rating and issued a $50.00 price target on shares of Kinsale Capital Group in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, William Blair downgraded shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $47.33.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kinsale Capital Group by 678.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 2,463 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Kinsale Capital Group by 17.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,540 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 515 shares in the last quarter. Howland Capital Management LLC purchased a new position in Kinsale Capital Group during the 3rd quarter valued at about $203,000. Hancock Holding Co. purchased a new position in Kinsale Capital Group during the 2nd quarter valued at about $216,000. Finally, Voya Investment Management LLC purchased a new position in Kinsale Capital Group during the 2nd quarter valued at about $230,000. Institutional investors and hedge funds own 82.20% of the company’s stock.
Kinsale Capital Group (NASDAQ KNSL) traded up $1.45 during mid-day trading on Friday, hitting $44.96. 36,995 shares of the stock traded hands, compared to its average volume of 69,404. Kinsale Capital Group has a one year low of $27.19 and a one year high of $47.78. The firm has a market cap of $945.51, a PE ratio of 37.16 and a beta of -0.23.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.53%. Kinsale Capital Group’s dividend payout ratio is presently 19.83%.
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About Kinsale Capital Group
Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.
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