Kinsale Capital Group (NYSE:KNSL) Price Target Cut to $500.00

Kinsale Capital Group (NYSE:KNSL) had its price objective cut by investment analysts at Truist Financial from $530.00 to $500.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target indicates a potential upside of 15.26% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group raised 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. Royal Bank of Canada raised their target price on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Oppenheimer started coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating on the stock. Finally, Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $455.88.

Kinsale Capital Group Trading Down 1.0 %

Shares of Kinsale Capital Group stock opened at $433.79 on Monday. The firm has a market capitalization of $10.10 billion, a PE ratio of 28.82, a P/E/G ratio of 2.03 and a beta of 1.08. Kinsale Capital Group has a twelve month low of $325.01 and a twelve month high of $548.47. The firm’s 50-day moving average price is $466.12 and its 200 day moving average price is $427.41. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15.

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

Institutional Trading of Kinsale Capital Group

Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its position in Kinsale Capital Group by 113.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock valued at $2,148,000 after buying an additional 2,172 shares during the period. Harbor Capital Advisors Inc. boosted its position in Kinsale Capital Group by 249.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock valued at $2,061,000 after buying an additional 3,818 shares during the period. Russell Investments Group Ltd. boosted its position in Kinsale Capital Group by 44.3% in the 1st quarter. Russell Investments Group Ltd. now owns 37,328 shares of the financial services provider’s stock valued at $19,588,000 after buying an additional 11,451 shares during the period. Van ECK Associates Corp lifted its position in shares of Kinsale Capital Group by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 9,220 shares of the financial services provider’s stock worth $4,838,000 after purchasing an additional 2,466 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of Kinsale Capital Group during the 2nd quarter worth $15,430,000. 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.