The Travelers Companies IncTravelers reported flat revenue growth, missing estimates, indicating weak demand in the sector.
Kinsale Capital Group is set to report earnings this Thursday afternoon. The specialty insurance provider missed revenue expectations last quarter with $466.7 million, up 10.2% year on year, and analysts expect revenue to grow just 1.6% this quarter, a sharp slowdown from 22.2% growth a year ago. Peers Travelers and W. R. Berkley have already reported flat and 1.2% revenue growth respectively, both missing estimates. Kinsale Capital Group shares are up 15.2% over the last month, heading into earnings with an average analyst price target of $347.11 against a current price of $339.89.
The Travelers Companies IncTravelers reported flat revenue growth, missing estimates, indicating weak demand in the sector.
W. R. Berkley CorpW. R. Berkley reported 1.2% revenue growth, missing estimates, indicating weak demand in the sector.
Kinsale Capital Group IncKinsale is the subject of the article, reporting earnings with expected revenue slowdown; market reaction uncertain.