Zacks Research Issues Negative Forecast for KNSL Earnings

Kinsale Capital Group, Inc. (NYSE:KNSL) – Equities research analysts at Zacks Research dropped their Q3 2027 earnings estimates for shares of Kinsale Capital Group in a report issued on Friday, August 7th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $5.03 for the quarter, down from their prior estimate of $5.11. The consensus estimate for Kinsale Capital Group’s current full-year earnings is $21.10 per share.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.43. The firm had revenue of $548.52 million during the quarter, compared to analyst estimates of $445.13 million. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.78 earnings per share.

Several other research analysts also recently commented on KNSL. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. JPMorgan Chase & Co. raised their price target on Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Royal Bank Of Canada cut their price objective on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Weiss Ratings lowered Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 26th. Finally, TD Cowen restated a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $362.11.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $367.65 on Monday. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.18 and a beta of 0.89. The company has a 50 day moving average of $333.41 and a 200-day moving average of $346.58. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. Kinsale Capital Group has a 1-year low of $287.20 and a 1-year high of $485.00.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, insider Salmaan K. Allibhai sold 250 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the transaction, the insider owned 3,645 shares in the company, valued at approximately $1,134,214.65. This trade represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher R. Tangard bought 330 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was acquired at an average cost of $304.00 per share, with a total value of $100,320.00. Following the completion of the purchase, the chief accounting officer owned 380 shares of the company’s stock, valued at approximately $115,520. This trade represents a 660.00% increase in their position. The SEC filing for this purchase provides additional information. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KNSL. Isthmus Partners LLC purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth approximately $8,110,000. Life Cycle Investment Partners Ltd acquired a new stake in Kinsale Capital Group during the 4th quarter worth $229,653,000. Stephens Investment Management Group LLC raised its position in shares of Kinsale Capital Group by 37.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 208,075 shares of the financial services provider’s stock valued at $81,382,000 after buying an additional 56,916 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Kinsale Capital Group by 9.6% during the 4th quarter. Handelsbanken Fonder AB now owns 57,000 shares of the financial services provider’s stock valued at $22,294,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Cumberland Partners Ltd purchased a new stake in Kinsale Capital Group during the 4th quarter valued at about $2,347,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.