Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Average Rating of “Hold” from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL) has earned a consensus rating 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 recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $455.88.

KNSL has been the topic of a number of recent analyst reports. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped 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 report on Thursday, October 10th. Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating on the stock. Truist Financial dropped their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, Royal Bank of Canada dropped their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th.

Institutional Trading of Kinsale Capital Group

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Kinsale Capital Group in the 1st quarter worth $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter worth $26,000. UMB Bank n.a. lifted 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 worth $28,000 after acquiring an additional 49 shares during the period. Trust Co. of Vermont lifted its stake in shares of Kinsale Capital Group by 113.6% in the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 50 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $428.88 on Wednesday. Kinsale Capital Group has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The firm’s 50 day moving average price is $460.44 and its 200 day moving average price is $426.58. The company has a market cap of $9.99 billion, a P/E ratio of 24.45, a PEG ratio of 1.83 and a beta of 1.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same period in the prior year, the firm earned $3.31 EPS. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, research analysts forecast that Kinsale Capital Group will post 15.48 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

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.