Kinsale Capital Group Inc (NASDAQ:KNSL) – Equities research analysts at SunTrust Banks upped their Q3 2018 earnings per share (EPS) estimates for Kinsale Capital Group in a research report issued to clients and investors on Friday. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.47. 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 Q4 2018 earnings at $0.60 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $2.28 EPS.

Several other research firms have also weighed in on KNSL. Zacks Investment Research lowered shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a report on Monday, December 25th. BidaskClub raised shares of Kinsale Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, William Blair lowered shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.33.

Kinsale Capital Group (NASDAQ:KNSL) opened at $45.20 on Monday. Kinsale Capital Group has a 52-week low of $27.19 and a 52-week high of $47.78. The stock has a market cap of $950.56, a PE ratio of 37.36 and a beta of -0.23.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. Kinsale Capital Group had a net margin of 14.65% and a return on equity of 11.69%.

In other news, SVP Ann Marie Marson sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $43.00, for a total transaction of $322,500.00. Following the completion of the sale, the senior vice president now owns 105,334 shares of the company’s stock, valued at $4,529,362. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund increased its holdings in shares of Kinsale Capital Group by 7,908.8% in the second quarter. New York State Common Retirement Fund now owns 56,702 shares of the financial services provider’s stock valued at $2,116,000 after purchasing an additional 55,994 shares in the last quarter. Swiss National Bank increased its holdings in shares of Kinsale Capital Group by 33.0% in the second quarter. Swiss National Bank now owns 32,262 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 8,000 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Kinsale Capital Group by 60.3% in the second quarter. Alliancebernstein L.P. now owns 10,900 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 4,100 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of Kinsale Capital Group by 53.3% in the second quarter. Hood River Capital Management LLC now owns 458,168 shares of the financial services provider’s stock valued at $17,094,000 after purchasing an additional 159,250 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Kinsale Capital Group by 13.7% in the third quarter. Wells Fargo & Company MN now owns 502,347 shares of the financial services provider’s stock valued at $21,686,000 after purchasing an additional 60,509 shares in the last quarter. 82.35% of the stock is owned by institutional investors.

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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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