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

Shares of Kinsale Capital Group, Inc. (NYSE:KNSLGet Free Report) have been given a consensus recommendation of “Reduce” by the eleven brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $373.80.

KNSL has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Kinsale Capital Group from $357.00 to $366.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Truist Financial decreased their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada lowered their price target on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. Cantor Fitzgerald lowered their price target on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Finally, Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th.

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More Kinsale Capital Group News

Here are the key news stories impacting Kinsale Capital Group this week:

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $333.38 on Friday. The firm has a fifty day moving average of $320.42 and a two-hundred day moving average of $349.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.05 and a beta of 0.90. Kinsale Capital Group has a 52 week low of $287.20 and a 52 week high of $512.76.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business had revenue of $548.52 million for the quarter, compared to analyst estimates of $445.13 million. During the same period last year, the company earned $4.78 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts predict that Kinsale Capital Group will post 20.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio is presently 4.40%.

Insiders Place Their Bets

In other news, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the completion of the transaction, the insider owned 3,645 shares of the company’s stock, valued at $1,134,214.65. The trade was a 6.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael P. Kehoe sold 22,576 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the sale, the chief executive officer owned 308,048 shares of the company’s stock, valued at approximately $93,233,807.68. This represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bayban bought a new stake in shares of Kinsale Capital Group in the fourth quarter worth about $25,000. V Square Quantitative Management LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $25,000. eCIO Inc. bought a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $29,000. International Assets Investment Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. grew its position in shares of Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 54 shares during the period. 85.36% of the stock is currently owned by institutional investors.

About Kinsale Capital Group

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Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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Analyst Recommendations for Kinsale Capital Group (NYSE:KNSL)

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