Kinsale Capital Group (NYSE:KNSL) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Kinsale Capital Group (NYSE:KNSL) had its target price upped by analysts at BMO Capital Markets from $445.00 to $461.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price target suggests a potential downside of 4.34% from the stock’s previous close.

KNSL has been the topic of a number of other reports. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research report on Monday, October 28th. Truist Financial reduced their price target 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. JPMorgan Chase & Co. reduced their price target 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. Jefferies Financial Group increased their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada decreased their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group currently 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 traded up $3.60 during trading on Thursday, hitting $481.89. 9,534 shares of the company’s stock traded hands, compared to its average volume of 172,550. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The firm’s fifty day moving average price is $458.87 and its 200 day moving average price is $431.02. Kinsale Capital Group has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a market cap of $11.22 billion, a PE ratio of 27.47, a PEG ratio of 2.02 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS 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 26.80% and a return on equity of 28.87%. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 earnings per share. Analysts forecast that Kinsale Capital Group will post 15.52 earnings per share for the current year.

Hedge Funds Weigh In On Kinsale Capital Group

Several large investors have recently bought and sold shares of the business. Benjamin Edwards Inc. lifted its holdings in Kinsale Capital Group by 9.9% in the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after buying an additional 24 shares during the period. Leibman Financial Services Inc. raised its holdings in Kinsale Capital Group by 0.5% in the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock worth $2,124,000 after purchasing an additional 24 shares during the period. Parkside Financial Bank & Trust raised its holdings in Kinsale Capital Group by 9.2% in the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 28 shares during the period. CWM LLC raised its holdings in Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 33 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 37 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.