Kinsale Capital Group (NASDAQ:KNSL) posted its earnings results on Thursday. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.14, MarketWatch Earnings reports. Kinsale Capital Group had a net margin of 17.92% and a return on equity of 15.87%. The firm had revenue of $117.71 million during the quarter, compared to analyst estimates of $102.31 million.

KNSL traded up $28.99 during trading on Friday, reaching $194.90. The company had a trading volume of 347,973 shares, compared to its average volume of 96,036. Kinsale Capital Group has a 52 week low of $80.93 and a 52 week high of $195.00. The stock has a market cap of $4.34 billion, a P/E ratio of 66.75 and a beta of 0.60. The business has a 50 day simple moving average of $157.12 and a 200-day simple moving average of $129.38. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.06.

In other news, COO Brian D. Haney sold 1,049 shares of Kinsale Capital Group stock in a transaction on Friday, June 12th. The stock was sold at an average price of $154.11, for a total transaction of $161,661.39. Following the completion of the sale, the chief operating officer now directly owns 168,434 shares in the company, valued at $25,957,363.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Marson sold 713 shares of Kinsale Capital Group stock in a transaction on Monday, June 1st. The stock was sold at an average price of $150.00, for a total value of $106,950.00. Following the sale, the executive vice president now owns 78,052 shares of the company’s stock, valued at $11,707,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,940 shares of company stock valued at $6,150,668. Corporate insiders own 7.30% of the company’s stock.

A number of research analysts recently weighed in on KNSL shares. BidaskClub raised shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, May 8th. SunTrust Banks raised their target price on shares of Kinsale Capital Group from $140.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Royal Bank of Canada reissued a “buy” rating and issued a $125.00 target price (down from $134.00) on shares of Kinsale Capital Group in a report on Wednesday, April 8th. William Blair raised shares of Kinsale Capital Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 10th. Finally, Zacks Investment Research lowered shares of Kinsale Capital Group from a “strong-buy” rating to a “hold” rating and set a $179.00 target price for the company. in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $149.00.

Kinsale Capital Group Company Profile

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 and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.

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Earnings History for Kinsale Capital Group (NASDAQ:KNSL)

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