Kinsale Capital Group (NYSE:KNSL) PT Lowered to $420.00 at JPMorgan Chase & Co.

Kinsale Capital Group (NYSE:KNSL) had its target price trimmed by JPMorgan Chase & Co. from $426.00 to $420.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Oppenheimer began coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a market perform rating for the company. Royal Bank of Canada raised their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a sector perform rating in a research note on Monday, July 29th. Truist Financial boosted their price target on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a buy rating in a research report on Friday, September 27th. Wolfe Research cut shares of Kinsale Capital Group from an outperform rating to a peer perform rating in a research note on Monday, September 16th. Finally, Jefferies Financial Group increased their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a hold rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $446.00.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $469.56 on Thursday. The firm has a market capitalization of $10.93 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. Kinsale Capital Group has a one year low of $325.01 and a one year high of $548.47. The stock’s 50 day moving average price is $468.67 and its 200 day moving average price is $429.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. During the same period in the prior year, the company posted $2.88 EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, sell-side analysts expect that Kinsale Capital Group will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Institutional Investors Weigh In On Kinsale Capital Group

Institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. grew its stake in shares of Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after buying an additional 24 shares in the last quarter. Leibman Financial Services Inc. lifted its stake in Kinsale Capital Group by 0.5% in the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 24 shares during the last quarter. Rise Advisors LLC grew its position in Kinsale Capital Group by 17.5% in the first quarter. Rise Advisors LLC now owns 181 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 27 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Kinsale Capital Group by 9.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 28 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 85.36% 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.