Kinsale Capital Group, Inc. to Post Q3 2017 Earnings of $0.07 Per Share, SunTrust Banks Forecasts (KNSL)

Kinsale Capital Group, Inc. (NASDAQ:KNSL) – Analysts at SunTrust Banks dropped their Q3 2017 earnings per share (EPS) estimates for Kinsale Capital Group in a report issued on Monday. SunTrust Banks analyst M. Hughes now expects that the financial services provider will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.37. SunTrust Banks has a “Buy” rating and a $50.00 price objective on the stock. SunTrust Banks also issued estimates for Kinsale Capital Group’s FY2017 earnings at $1.15 EPS.

KNSL has been the topic of a number of other research reports. Zacks Investment Research lowered Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday. William Blair lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 target price on shares of Kinsale Capital Group in a research report on Sunday, August 6th.

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Shares of Kinsale Capital Group (NASDAQ:KNSL) opened at 42.72 on Wednesday. The firm has a market capitalization of $895.75 million, a PE ratio of 67.28 and a beta of 0.09. The stock has a 50 day moving average price of $42.30 and a 200-day moving average price of $42.30. Kinsale Capital Group has a 52 week low of $20.84 and a 52 week high of $47.78.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of Kinsale Capital Group by 28.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,405,850 shares of the financial services provider’s stock worth $52,453,000 after buying an additional 308,449 shares during the period. Prudential Financial Inc. raised its position in shares of Kinsale Capital Group by 119.1% in the 1st quarter. Prudential Financial Inc. now owns 99,095 shares of the financial services provider’s stock worth $3,175,000 after buying an additional 53,877 shares during the period. Vanguard Group Inc. raised its position in shares of Kinsale Capital Group by 22.1% in the 1st quarter. Vanguard Group Inc. now owns 506,838 shares of the financial services provider’s stock worth $16,239,000 after buying an additional 91,838 shares during the period. American Century Companies Inc. raised its position in shares of Kinsale Capital Group by 10.8% in the 2nd quarter. American Century Companies Inc. now owns 421,694 shares of the financial services provider’s stock worth $15,733,000 after buying an additional 41,111 shares during the period. Finally, Hood River Capital Management LLC raised its position in shares of Kinsale Capital Group by 53.3% in the 2nd quarter. Hood River Capital Management LLC now owns 458,168 shares of the financial services provider’s stock worth $17,094,000 after buying an additional 159,250 shares during the period. 79.79% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Frederick L. Jr. Russell sold 124,812 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $36.58, for a total value of $4,565,622.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 11.20% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Tuesday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 19.20%.

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.

Earnings History and Estimates for Kinsale Capital Group (NASDAQ:KNSL)

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