Kinsale Capital Group, Inc. (NYSE:KNSL) Given Consensus Recommendation of “Hold” by Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $438.71.

KNSL has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada lifted their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Oppenheimer assumed coverage on Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating for the company. Wolfe Research lowered shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Finally, Truist Financial raised their price objective on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Friday, September 27th.

Institutional Trading of Kinsale Capital Group

Several hedge funds have recently modified their holdings of KNSL. HBW Advisory Services LLC bought a new stake in shares of Kinsale Capital Group during the third quarter worth $268,000. Massmutual Trust Co. FSB ADV lifted its position in Kinsale Capital Group by 225.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after buying an additional 79 shares in the last quarter. American National Bank & Trust bought a new stake in Kinsale Capital Group during the 3rd quarter worth about $55,000. Paragon Capital Management Inc. grew its holdings in Kinsale Capital Group by 6.8% during the 2nd quarter. Paragon Capital Management Inc. now owns 3,526 shares of the financial services provider’s stock worth $1,358,000 after acquiring an additional 226 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Kinsale Capital Group in the 2nd quarter valued at about $481,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL opened at $486.93 on Friday. Kinsale Capital Group has a 12-month low of $325.01 and a 12-month high of $548.47. The firm has a market capitalization of $11.33 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.02 and a beta of 1.08. The stock’s 50 day moving average price is $467.33 and its two-hundred day moving average price is $431.68. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating the consensus estimate of $3.52 by $0.23. The firm had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 EPS. On average, equities analysts forecast that Kinsale Capital Group will post 15.31 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

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.