Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $456.88 Average Price Target from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $456.88.

A number of analysts have recently weighed in on KNSL shares. JPMorgan Chase & Co. lowered 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 report on Thursday, October 10th. Truist Financial lowered their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. BMO Capital Markets lifted their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research note on Monday, October 28th.

Kinsale Capital Group Stock Up 1.1 %

NYSE:KNSL opened at $512.04 on Friday. Kinsale Capital Group has a 1-year low of $325.01 and a 1-year high of $548.47. The company has a 50-day moving average of $462.44 and a 200 day moving average of $434.56. The firm has a market cap of $11.93 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data 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. The company had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.31 earnings per share. As a group, research analysts anticipate that Kinsale Capital Group will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.12%. The ex-dividend date is Friday, November 29th. Kinsale Capital Group’s payout ratio is presently 3.42%.

Insider Buying and Selling

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now owns 447 shares of the company’s stock, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Kinsale Capital Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter valued at about $301,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Kinsale Capital Group by 18.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,836 shares of the financial services provider’s stock valued at $7,776,000 after acquiring an additional 2,302 shares during the last quarter. Ascent Group LLC boosted its position in shares of Kinsale Capital Group by 7.9% during the 1st quarter. Ascent Group LLC now owns 4,029 shares of the financial services provider’s stock valued at $2,114,000 after acquiring an additional 294 shares during the last quarter. 2Xideas AG boosted its position in shares of Kinsale Capital Group by 15.0% during the 1st quarter. 2Xideas AG now owns 30,022 shares of the financial services provider’s stock valued at $15,754,000 after acquiring an additional 3,911 shares during the last quarter. Finally, Vancity Investment Management Ltd acquired a new position in shares of Kinsale Capital Group during the 1st quarter valued at about $472,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Company Profile

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.