Kinsale Capital Group (NYSE:KNSL) Price Target Raised to $461.00 at BMO Capital Markets

Kinsale Capital Group (NYSE:KNSL) had its price target increased by BMO Capital Markets from $445.00 to $461.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

KNSL has been the subject of several other reports. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Jefferies Financial Group increased 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 report on Wednesday, October 9th. Royal Bank of Canada cut their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Truist Financial cut their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $456.88.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $498.69 on Thursday. The firm has a market cap of $11.61 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The firm’s 50-day simple moving average is $460.24 and its 200-day simple moving average is $432.42. Kinsale Capital Group has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current 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, beating analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same period in the previous year, the business earned $3.31 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. As a group, research analysts expect that Kinsale Capital Group will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

Institutional Investors Weigh In On Kinsale Capital Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Kinsale Capital Group in the third quarter worth about $26,000. UMB Bank n.a. boosted its stake in shares of Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Trust Co. of Vermont grew its position in shares of 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 worth $36,000 after buying an additional 50 shares during the period. Signaturefd LLC raised its stake 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 worth $48,000 after buying an additional 42 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after buying an additional 79 shares during the last quarter. Institutional investors 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.