Equities Analysts Offer Predictions for KNSL Q3 Earnings

Kinsale Capital Group, Inc. (NYSE:KNSL) – Equities researchers at Zacks Research reduced their Q3 2027 earnings per share (EPS) estimates for Kinsale Capital Group in a note issued to investors on Friday, August 7th. Zacks Research analyst Team now anticipates that the financial services provider will earn $5.03 per share for the quarter, down from their previous 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 released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The firm had revenue of $548.52 million during the quarter, compared to the consensus estimate of $445.13 million. During the same quarter in the previous year, the company posted $4.78 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis.

Several other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Wells Fargo & Company boosted their target price on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Royal Bank Of Canada dropped their price target on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Truist Financial decreased their price objective on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Weiss Ratings downgraded Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $362.11.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $375.14 on Monday. The business’s fifty day moving average is $335.02 and its 200 day moving average is $346.37. Kinsale Capital Group has a 12-month low of $287.20 and a 12-month high of $485.00. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The stock has a market cap of $8.55 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.16 and a beta of 0.89.

Institutional Investors Weigh In On Kinsale Capital Group

Hedge funds have recently added to or reduced their stakes in the company. Isthmus Partners LLC purchased a new stake in Kinsale Capital Group during the 4th quarter valued at $8,110,000. Life Cycle Investment Partners Ltd bought a new stake in Kinsale Capital Group in the 4th quarter worth $229,653,000. Stephens Investment Management Group LLC increased 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 acquiring an additional 56,916 shares during the period. Handelsbanken Fonder AB increased its position in shares of Kinsale Capital Group by 9.6% in the fourth 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 during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Kinsale Capital Group by 676.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,815 shares of the financial services provider’s stock valued at $2,274,000 after acquiring an additional 5,066 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Christopher R. Tangard acquired 330 shares of the stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of $304.00 per share, for a total transaction of $100,320.00. Following the transaction, the chief accounting officer owned 380 shares in the company, valued at $115,520. This represents a 660.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the sale, the insider directly owned 3,645 shares of the company’s stock, valued at $1,134,214.65. This represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is owned by corporate insiders.

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.