Kinsale Capital Group (NYSE:KNSL) PT Raised to $450.00 at BMO Capital Markets

Kinsale Capital Group (NYSE:KNSL) had its target price upped by equities research analysts at BMO Capital Markets from $415.00 to $450.00 in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 9.54% from the company’s current price.

KNSL has been the subject of several other research reports. Jefferies Financial Group increased their price objective on Kinsale Capital Group from $370.00 to $396.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. StockNews.com started coverage on Kinsale Capital Group in a report on Wednesday, August 23rd. They issued a “hold” rating on the stock. Truist Financial upped their target price on Kinsale Capital Group from $400.00 to $450.00 and gave the company a “buy” rating in a report on Monday, July 31st. JPMorgan Chase & Co. upped their target price on Kinsale Capital Group from $300.00 to $340.00 in a report on Thursday, July 6th. Finally, Royal Bank of Canada upped their target price on Kinsale Capital Group from $425.00 to $435.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Moderate Buy” and a consensus price target of $403.50.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $410.82 on Wednesday. Kinsale Capital Group has a 12 month low of $240.35 and a 12 month high of $424.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.15 and a quick ratio of 0.15. The business has a 50 day simple moving average of $382.82 and a 200-day simple moving average of $345.89. The stock has a market capitalization of $9.52 billion, a PE ratio of 41.71 and a beta of 0.90.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.40. The firm had revenue of $295.77 million during the quarter, compared to analysts’ expectations of $282.01 million. Kinsale Capital Group had a return on equity of 29.11% and a net margin of 22.60%. During the same quarter in the prior year, the business posted $1.92 earnings per share. Equities analysts predict that Kinsale Capital Group will post 11.56 earnings per share for the current year.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, COO Brian D. Haney sold 2,500 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $375.00, for a total value of $937,500.00. Following the transaction, the chief operating officer now owns 68,331 shares in the company, valued at $25,624,125. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Brian D. Haney sold 2,500 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $375.00, for a total transaction of $937,500.00. Following the completion of the sale, the chief operating officer now owns 68,331 shares in the company, valued at approximately $25,624,125. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert V. Hatcher III sold 195 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $409.02, for a total value of $79,758.90. Following the sale, the director now owns 1,086 shares of the company’s stock, valued at approximately $444,195.72. The disclosure for this sale can be found here. Insiders have sold 8,195 shares of company stock valued at $3,146,439 over the last three months. Company insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

Large investors have recently made changes to their positions in the business. Bank of Montreal Can raised its holdings in shares of Kinsale Capital Group by 5.1% in the 1st quarter. Bank of Montreal Can now owns 1,663 shares of the financial services provider’s stock worth $386,000 after buying an additional 80 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Kinsale Capital Group by 119.7% in the first quarter. Panagora Asset Management Inc. now owns 3,219 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 1,754 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Kinsale Capital Group by 2.5% in the first quarter. Rhumbline Advisers now owns 58,459 shares of the financial services provider’s stock valued at $13,330,000 after purchasing an additional 1,422 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Kinsale Capital Group by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,861 shares of the financial services provider’s stock valued at $1,792,000 after purchasing an additional 749 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Kinsale Capital Group by 1.0% in the first quarter. BlackRock Inc. now owns 2,301,709 shares of the financial services provider’s stock valued at $524,835,000 after purchasing an additional 23,604 shares in the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.

Kinsale Capital Group Company Profile

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.