Kinsale Capital Group (NYSE:KNSL – Get Free Report) announced its earnings results on Thursday. The financial services provider reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.23, Briefing.com reports. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The business had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. During the same period in the prior year, the firm earned $2.88 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year.
Kinsale Capital Group Stock Performance
Shares of NYSE:KNSL traded up $66.54 on Friday, reaching $443.79. 504,919 shares of the company’s stock were exchanged, compared to its average volume of 187,220. The business’s 50-day moving average is $385.37 and its two-hundred day moving average is $424.98. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.66 and a beta of 1.06.
Kinsale Capital Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Friday, May 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Friday, May 31st. Kinsale Capital Group’s dividend payout ratio is presently 3.99%.
Analyst Ratings Changes
View Our Latest Report on KNSL
Insider Activity
In related news, COO Brian D. Haney sold 3,778 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the sale, the chief operating officer now owns 95,850 shares in the company, valued at $35,247,879. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.
About Kinsale Capital Group
Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.
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