Kinsale Capital Group (NYSE:KNSL) Stock Rating Upgraded by Wolfe Research

Kinsale Capital Group (NYSE:KNSL) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a $535.00 price objective on the financial services provider’s stock. Wolfe Research’s target price suggests a potential upside of 23.33% from the stock’s previous close.

A number of other analysts also recently weighed in on KNSL. Truist Financial raised their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group raised 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. Royal Bank of Canada raised their price objective on 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 began coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $455.88.

Kinsale Capital Group Stock Down 1.0 %

Shares of NYSE:KNSL opened at $433.79 on Monday. 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 has a 52-week low of $325.01 and a 52-week high of $548.47. The company has a 50 day moving average of $466.12 and a two-hundred day moving average of $427.41. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly 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 net margin of 26.08% and a return on equity of 30.33%. The business had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter last year, the company earned $3.31 earnings per share. The business’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, analysts forecast that Kinsale Capital Group will post 15.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kinsale Capital Group

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Kinsale Capital Group in the first quarter valued at $25,000. ORG Wealth Partners LLC bought a new stake in Kinsale Capital Group in the third quarter valued at $26,000. UMB Bank n.a. lifted 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 last quarter. Trust Co. of Vermont increased its holdings in shares of Kinsale Capital Group by 113.6% during the second 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 period. Finally, Signaturefd LLC increased its holdings in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 42 shares during the period. 85.36% of the stock is currently owned by institutional investors.

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.