Q1 2018 Earnings Forecast for Kinsale Capital Group Inc Issued By SunTrust Banks (KNSL)
Kinsale Capital Group Inc (NASDAQ:KNSL) – Equities research analysts at SunTrust Banks cut their Q1 2018 earnings estimates for shares of Kinsale Capital Group in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst M. Hughes now anticipates that the financial services provider will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.35. SunTrust Banks also issued estimates for Kinsale Capital Group’s Q2 2018 earnings at $0.47 EPS.
A number of other analysts have also recently weighed in on KNSL. Zacks Investment Research raised Kinsale Capital Group from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, February 21st. William Blair reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research report on Friday, February 2nd. Finally, BidaskClub raised Kinsale Capital Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Kinsale Capital Group has a consensus rating of “Buy” and an average price target of $48.67.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.56%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 22.40%.
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Kinsale Capital Group by 678.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,826 shares of the financial services provider’s stock valued at $122,000 after buying an additional 2,463 shares during the period. US Bancorp DE lifted its holdings in shares of Kinsale Capital Group by 60.6% in the 4th quarter. US Bancorp DE now owns 3,106 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,172 shares during the period. Howland Capital Management LLC acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at approximately $203,000. Voya Investment Management LLC acquired a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $230,000. Finally, Aperio Group LLC acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at approximately $234,000. 82.55% of the stock is owned by institutional investors.
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Kinsale Capital Group Company Profile
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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