Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $327.00 Consensus Target Price from Brokerages

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) have earned an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $327.00.

KNSL has been the topic of a number of research analyst reports. Compass Point downgraded shares of Kinsale Capital Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $330.00 to $350.00 in a report on Tuesday, February 21st. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $335.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Royal Bank of Canada boosted their price objective on shares of Kinsale Capital Group from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. BMO Capital Markets initiated coverage on shares of Kinsale Capital Group in a report on Thursday, January 19th. They set an “underperform” rating and a $230.00 price objective on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Kinsale Capital Group in a report on Monday, December 12th. They set a “hold” rating and a $295.00 price objective on the stock.

Insiders Place Their Bets

In other news, Director Anne C. Kronenberg sold 930 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $311.40, for a total value of $289,602.00. Following the completion of the transaction, the director now owns 9,292 shares of the company’s stock, valued at $2,893,528.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Brian D. Haney sold 5,750 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $317.92, for a total transaction of $1,828,040.00. Following the completion of the transaction, the chief operating officer now owns 74,831 shares of the company’s stock, valued at $23,790,271.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne C. Kronenberg sold 930 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $311.40, for a total transaction of $289,602.00. Following the transaction, the director now directly owns 9,292 shares of the company’s stock, valued at approximately $2,893,528.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,180 shares of company stock worth $6,454,792. Insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wipfli Financial Advisors LLC purchased a new stake in Kinsale Capital Group during the third quarter worth approximately $25,000. Roble Belko & Company Inc purchased a new stake in Kinsale Capital Group during the fourth quarter worth approximately $26,000. First Horizon Advisors Inc. grew its stake in Kinsale Capital Group by 148.8% during the fourth quarter. First Horizon Advisors Inc. now owns 107 shares of the financial services provider’s stock worth $28,000 after buying an additional 64 shares during the period. Almanack Investment Partners LLC. purchased a new stake in Kinsale Capital Group during the third quarter worth approximately $33,000. Finally, Lazard Asset Management LLC purchased a new stake in Kinsale Capital Group during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 85.97% of the company’s stock.

Kinsale Capital Group Stock Down 4.4 %

Shares of NYSE:KNSL opened at $294.19 on Friday. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 42.76 and a beta of 0.87. The firm’s 50-day simple moving average is $292.73 and its 200-day simple moving average is $285.67. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.26. Kinsale Capital Group has a fifty-two week low of $196.00 and a fifty-two week high of $337.11.

Kinsale Capital Group (NYSE:KNSL – Get Rating) last released its quarterly earnings data on Friday, February 17th. The financial services provider reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.44. The firm had revenue of $242.96 million for the quarter, compared to the consensus estimate of $236.01 million. Kinsale Capital Group had a net margin of 19.42% and a return on equity of 27.08%. During the same quarter in the previous year, the firm earned $1.76 earnings per share. As a group, equities research analysts predict that Kinsale Capital Group will post 9.86 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 13th. Shareholders of record on Tuesday, February 28th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, February 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.19%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.13. Kinsale Capital Group’s payout ratio is presently 8.14%.

Kinsale Capital Group Company Profile

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Kinsale Capital Group, Inc is a holding company, which engages in the provision of property and casualty insurance services. It operates the Excess and Surplus Lines Insurance segment. The Excess and Surplus Lines Insurance segment provides commercial excess and surplus lines liability and property insurance products through underwriting divisions.