Brokerages Set Kinsale Capital Group, Inc. (NYSE:KNSL) PT at $438.71

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $446.00.

A number of research analysts recently weighed in on KNSL shares. Wolfe Research lowered shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. reduced their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday. Jefferies Financial Group lifted their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday. Truist Financial boosted their price target on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Oppenheimer assumed coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock.

Kinsale Capital Group Stock Up 0.8 %

Shares of KNSL opened at $469.61 on Friday. The firm has a market cap of $10.94 billion, a P/E ratio of 29.54, a PEG ratio of 2.05 and a beta of 1.08. Kinsale Capital Group has a 12 month low of $325.01 and a 12 month high of $548.47. The stock’s 50 day moving average is $468.23 and its two-hundred day moving average is $430.16. 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 released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.88 EPS. Analysts predict that Kinsale Capital Group will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s payout ratio is 3.77%.

Institutional Trading of Kinsale Capital Group

Several large investors have recently added to or reduced their stakes in KNSL. Headlands Technologies LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new stake in Kinsale Capital Group during the third quarter worth about $26,000. UMB Bank n.a. raised its stake in Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 49 shares during the period. Trust Co. of Vermont boosted its holdings in 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 valued at $36,000 after purchasing an additional 50 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Kinsale Capital Group in the 4th quarter valued at approximately $40,000. 85.36% of the stock is currently owned by hedge funds and other 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.