Jefferies Financial Group Raises Kinsale Capital Group (NYSE:KNSL) Price Target to $471.00

Kinsale Capital Group (NYSE:KNSL) had its price target increased by Jefferies Financial Group from $444.00 to $471.00 in a report released on Wednesday, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

KNSL has been the subject of a number of other research reports. Oppenheimer started coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a market perform rating for the company. Wolfe Research cut shares of Kinsale Capital Group from an outperform rating to a peer perform rating in a research note on Monday, September 16th. Truist Financial boosted their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a buy rating in a research note on Friday, September 27th. Royal Bank of Canada upped their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a sector perform rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a neutral rating in a research note on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group has a consensus rating of Hold and a consensus price target of $446.00.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $469.61 on Wednesday. The company has a 50 day moving average of $468.23 and a 200 day moving average of $430.16. The stock has a market cap of $10.94 billion, a P/E ratio of 29.54, a P/E/G 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 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 issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating the consensus estimate of $3.52 by $0.23. The company had revenue of $384.55 million during 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%. Kinsale Capital Group’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.88 earnings per share. As a group, sell-side analysts forecast that Kinsale Capital Group will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued 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 dividend payout ratio is currently 3.77%.

Institutional Investors Weigh In On Kinsale Capital Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its holdings in Kinsale Capital Group by 9.9% during the 2nd 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 last quarter. Leibman Financial Services Inc. raised its holdings in Kinsale Capital Group by 0.5% during the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after buying an additional 24 shares during the last quarter. Rise Advisors LLC raised its holdings in Kinsale Capital Group by 17.5% during the 1st quarter. Rise Advisors LLC now owns 181 shares of the financial services provider’s stock valued at $95,000 after buying an additional 27 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Kinsale Capital Group by 9.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after buying an additional 28 shares during the last quarter. Finally, CWM LLC raised its holdings in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after buying an additional 33 shares during the last quarter. 85.36% of the stock is currently owned by 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.