Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $327.50 Average Target Price from Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSLGet Rating) has earned an average recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $308.00.

Several brokerages recently commented on KNSL. Compass Point upgraded shares of Kinsale Capital Group from a “neutral” rating to a “buy” rating and set a $330.00 price target on the stock in a research note on Tuesday, December 20th. Jefferies Financial Group assumed coverage on shares of Kinsale Capital Group in a research report on Monday, December 12th. They set a “hold” rating and a $295.00 price objective on the stock. StockNews.com assumed coverage on shares of Kinsale Capital Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Truist Financial raised their price objective on shares of Kinsale Capital Group from $285.00 to $335.00 in a research report on Monday, October 31st. Finally, Royal Bank of Canada raised their price objective on shares of Kinsale Capital Group from $275.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st.

Insider Activity

In related news, Director James Joseph Ritchie sold 738 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $314.35, for a total transaction of $231,990.30. Following the sale, the director now owns 11,567 shares of the company’s stock, valued at $3,636,086.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Kinsale Capital Group news, Director James Joseph Ritchie sold 738 shares of Kinsale Capital Group stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $314.35, for a total transaction of $231,990.30. Following the completion of the transaction, the director now owns 11,567 shares in the company, valued at $3,636,086.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael P. Kehoe sold 3,500 shares of Kinsale Capital Group stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $317.16, for a total transaction of $1,110,060.00. Following the transaction, the chief executive officer now owns 313,441 shares of the company’s stock, valued at approximately $99,410,947.56. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KNSL. BlackRock Inc. increased its position in Kinsale Capital Group by 2.9% during the third quarter. BlackRock Inc. now owns 2,375,973 shares of the financial services provider’s stock worth $606,872,000 after purchasing an additional 67,722 shares during the last quarter. Vanguard Group Inc. increased its position in Kinsale Capital Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 2,225,632 shares of the financial services provider’s stock worth $507,488,000 after purchasing an additional 26,965 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Kinsale Capital Group by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 875,367 shares of the financial services provider’s stock worth $223,586,000 after buying an additional 4,481 shares during the period. State Street Corp grew its stake in Kinsale Capital Group by 0.9% during the second quarter. State Street Corp now owns 719,852 shares of the financial services provider’s stock worth $165,307,000 after buying an additional 6,464 shares during the period. Finally, Geneva Capital Management LLC grew its stake in Kinsale Capital Group by 4.0% during the third quarter. Geneva Capital Management LLC now owns 670,047 shares of the financial services provider’s stock worth $171,143,000 after buying an additional 25,966 shares during the period. Institutional investors and hedge funds own 85.97% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $264.47 on Thursday. Kinsale Capital Group has a 52 week low of $180.05 and a 52 week high of $334.99. The firm has a 50 day moving average of $283.90 and a two-hundred day moving average of $275.23. The stock has a market capitalization of $6.06 billion, a PE ratio of 43.57 and a beta of 0.89. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.20.

Kinsale Capital Group (NYSE:KNSLGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.42 by $0.22. Kinsale Capital Group had a net margin of 18.45% and a return on equity of 24.56%. The firm had revenue of $216.96 million for the quarter, compared to analyst estimates of $214.02 million. On average, research analysts predict that Kinsale Capital Group will post 7.35 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 30th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, November 29th. Kinsale Capital Group’s payout ratio is 8.57%.

About Kinsale Capital Group

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Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.

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Analyst Recommendations for Kinsale Capital Group (NYSE:KNSL)

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