Kinsale Capital Group (NYSE:KNSL) PT Lowered to $475.00

Kinsale Capital Group (NYSE:KNSL) had its target price dropped by investment analysts at Royal Bank of Canada from $480.00 to $475.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 9.50% from the stock’s previous close.

A number of other research analysts also recently weighed in on KNSL. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research note on Monday. Truist Financial reduced their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Oppenheimer began coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating for the company. Finally, Jefferies Financial Group lifted their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $455.88.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $433.79 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a 50 day simple moving average of $466.12 and a 200 day simple moving average of $427.41. 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 cap of $10.10 billion, a P/E ratio of 28.82, a P/E/G ratio of 2.03 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the previous year, the company posted $3.31 earnings per share. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. Sell-side analysts predict that Kinsale Capital Group will post 15.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth about $25,000. ORG Wealth Partners LLC bought a new position in Kinsale Capital Group during the third quarter worth about $26,000. UMB Bank n.a. raised its stake in Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after buying an additional 49 shares during the period. Trust Co. of Vermont lifted its holdings in Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 50 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 42 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

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.