Kinsale Capital Group (NYSE:KNSL) Price Target Raised to $420.00

Kinsale Capital Group (NYSE:KNSL) had its price target lifted by JPMorgan Chase & Co. from $400.00 to $420.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

KNSL has been the topic of a number of other research reports. Truist Financial cut their price objective on shares of Kinsale Capital Group from $600.00 to $440.00 and set a buy rating on the stock in a report on Monday, April 29th. BMO Capital Markets reduced their price target on shares of Kinsale Capital Group from $544.00 to $453.00 and set a market perform rating for the company in a research report on Tuesday, April 30th. Royal Bank of Canada reaffirmed a sector perform rating and set a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. TD Cowen began coverage on Kinsale Capital Group in a report on Monday, May 20th. They issued a hold rating and a $403.00 target price for the company. Finally, Compass Point decreased their target price on Kinsale Capital Group from $490.00 to $390.00 and set a neutral rating for the company in a research report on Monday, April 29th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of Hold and an average target price of $434.00.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $389.49 on Thursday. Kinsale Capital Group has a 12 month low of $325.01 and a 12 month high of $548.47. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.07 billion, a P/E ratio of 25.88 and a beta of 1.06. The firm has a fifty day moving average price of $385.51 and a 200 day moving average price of $423.07.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. During the same period in the prior year, the firm posted $2.44 EPS. The business’s quarterly revenue was up 41.7% compared to the same quarter last year. Sell-side analysts predict that Kinsale Capital Group will post 14.91 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the transaction, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Kinsale Capital Group

A number of institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in Kinsale Capital Group during the first quarter worth about $25,000. Beacon Capital Management LLC purchased a new stake in Kinsale Capital Group during the fourth quarter worth about $33,000. Brown Brothers Harriman & Co. acquired a new position in Kinsale Capital Group during the fourth quarter worth about $33,000. Finally, Trust Co. of Vermont increased its holdings in Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

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.