Kinsale Capital Group, Inc. (NYSE:KNSL) Given Consensus Rating of “Hold” by Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $468.56.

KNSL has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial raised their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Morgan Stanley decreased their price target on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th.

Kinsale Capital Group Price Performance

NYSE:KNSL opened at $431.21 on Tuesday. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.66 and a beta of 1.15. Kinsale Capital Group has a 1 year low of $355.12 and a 1 year high of $548.47. The business has a 50 day simple moving average of $446.62 and a 200-day simple moving average of $463.59. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Equities analysts forecast that Kinsale Capital Group will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.16%. Kinsale Capital Group’s payout ratio is 3.82%.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares of the company’s stock, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares in the company, valued at $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Cim LLC raised its position in shares of Kinsale Capital Group by 1.6% in the 4th quarter. Cim LLC now owns 3,414 shares of the financial services provider’s stock worth $1,588,000 after acquiring an additional 55 shares in the last quarter. Capital A Wealth Management LLC bought a new position in shares of Kinsale Capital Group in the 4th quarter worth $123,000. Ascent Group LLC raised its position in shares of Kinsale Capital Group by 7.0% in the 4th quarter. Ascent Group LLC now owns 8,118 shares of the financial services provider’s stock worth $3,776,000 after acquiring an additional 533 shares in the last quarter. Novem Group bought a new position in shares of Kinsale Capital Group in the 4th quarter worth $778,000. Finally, Ashford Capital Management Inc. raised its position in shares of Kinsale Capital Group by 0.3% in the 4th quarter. Ashford Capital Management Inc. now owns 40,995 shares of the financial services provider’s stock worth $19,068,000 after acquiring an additional 130 shares in the last quarter. 85.36% of the stock is 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.