Analysts predict that Kinsale Capital Group Inc (NASDAQ:KNSL) will announce $53.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kinsale Capital Group’s earnings, with the lowest sales estimate coming in at $53.10 million and the highest estimate coming in at $54.17 million. Kinsale Capital Group reported sales of $45.51 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.8%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, August 6th.
According to Zacks, analysts expect that Kinsale Capital Group will report full year sales of $217.67 million for the current financial year, with estimates ranging from $215.44 million to $219.91 million. For the next fiscal year, analysts expect that the firm will post sales of $249.91 million per share, with estimates ranging from $249.43 million to $250.39 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Kinsale Capital Group.
Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings results on Friday, May 4th. The financial services provider reported $0.38 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The company had revenue of $50.13 million during the quarter, compared to analyst estimates of $50.93 million. Kinsale Capital Group had a net margin of 13.34% and a return on equity of 12.29%.
In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 1,000 shares of the stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $55.51, for a total transaction of $55,510.00. Following the completion of the transaction, the director now owns 1,111 shares in the company, valued at $61,671.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.20% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of KNSL. FDx Advisors Inc. bought a new position in Kinsale Capital Group during the first quarter worth about $266,000. Teacher Retirement System of Texas bought a new position in Kinsale Capital Group during the fourth quarter worth about $293,000. Raymond James Financial Services Advisors Inc. bought a new position in Kinsale Capital Group during the fourth quarter worth about $313,000. MetLife Investment Advisors LLC bought a new position in Kinsale Capital Group during the fourth quarter worth about $319,000. Finally, LPL Financial LLC boosted its position in Kinsale Capital Group by 18.8% during the fourth quarter. LPL Financial LLC now owns 10,592 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 1,676 shares during the period. Hedge funds and other institutional investors own 82.40% of the company’s stock.
Kinsale Capital Group traded down $0.13, hitting $55.57, during trading on Friday, according to MarketBeat Ratings. 805 shares of the company traded hands, compared to its average volume of 132,220. The firm has a market cap of $1.16 billion, a P/E ratio of 44.22 and a beta of 0.14. Kinsale Capital Group has a one year low of $34.70 and a one year high of $57.22.
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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