Kinsale Capital Group (NASDAQ:KNSL) announced its earnings results on Friday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49, Fidelity Earnings reports. Kinsale Capital Group had a net margin of 13.52% and a return on equity of 12.59%. The business had revenue of $60.14 million for the quarter, compared to analyst estimates of $57.62 million.
Shares of NASDAQ KNSL opened at $60.42 on Friday. Kinsale Capital Group has a 52-week low of $41.40 and a 52-week high of $64.97. The stock has a market capitalization of $1.28 billion, a PE ratio of 48.34 and a beta of 0.63.
KNSL has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Kinsale Capital Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. BidaskClub upgraded shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. TheStreet upgraded shares of Kinsale Capital Group from a “c” rating to a “b-” rating in a research report on Friday, July 27th. SunTrust Banks reiterated a “buy” rating and issued a $65.00 target price on shares of Kinsale Capital Group in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $61.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Kinsale Capital Group presently has a consensus rating of “Buy” and a consensus price target of $61.33.
About Kinsale Capital Group
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.
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