Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Consensus Rating of “Hold” from Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL) has earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $438.43.

Several research firms have issued reports on KNSL. JPMorgan Chase & Co. boosted their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. BMO Capital Markets lowered their price target on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Royal Bank of Canada restated a “sector perform” rating and set a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a research note on Monday, April 29th. Truist Financial lowered their target price on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Compass Point reduced their price target on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the sale, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the transaction, the director now directly owns 887 shares of the company’s stock, valued at $464,867.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,778 shares of company stock valued at $4,532,422. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in Kinsale Capital Group during the fourth quarter worth $25,000. Emerald Advisers LLC bought a new position in shares of Kinsale Capital Group in the 3rd quarter worth about $33,000. Beacon Capital Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $33,000. Brown Brothers Harriman & Co. bought a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $33,000. Finally, Quarry LP acquired a new stake in Kinsale Capital Group during the fourth quarter worth about $40,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 0.6 %

Shares of NYSE:KNSL opened at $396.17 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 26.32 and a beta of 0.98. The stock’s 50-day moving average price is $473.84 and its two-hundred day moving average price is $412.58. Kinsale Capital Group has a 12-month low of $297.33 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.17. The business had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business’s quarterly revenue was up 41.7% on a year-over-year basis. During the same period last year, the company posted $2.44 EPS. On average, research analysts forecast that Kinsale Capital Group will post 15.03 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were paid a $0.15 dividend. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group’s payout ratio is 3.99%.

Kinsale Capital Group Company Profile

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.