Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $455.88 Average PT from Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $455.88.

Several research analysts have issued reports on the stock. Oppenheimer started coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada cut their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research note on Monday, October 28th.

Institutional Trading of Kinsale Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Kinsale Capital Group by 7.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,056 shares of the financial services provider’s stock valued at $1,079,000 after buying an additional 150 shares in the last quarter. Congress Wealth Management LLC DE lifted its stake in Kinsale Capital Group by 21.1% in the 1st quarter. Congress Wealth Management LLC DE now owns 5,883 shares of the financial services provider’s stock worth $3,087,000 after purchasing an additional 1,025 shares in the last quarter. State of Michigan Retirement System grew its holdings in Kinsale Capital Group by 3.8% in the 1st quarter. State of Michigan Retirement System now owns 5,445 shares of the financial services provider’s stock valued at $2,857,000 after buying an additional 200 shares in the last quarter. Norden Group LLC raised its holdings in shares of Kinsale Capital Group by 1,355.4% during the 1st quarter. Norden Group LLC now owns 9,198 shares of the financial services provider’s stock worth $4,827,000 after acquiring an additional 8,566 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of Kinsale Capital Group during the 1st quarter valued at about $245,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

KNSL opened at $426.27 on Wednesday. The business has a fifty day moving average of $462.82 and a 200 day moving average of $427.28. The stock has a market cap of $9.93 billion, a P/E ratio of 24.30, a PEG ratio of 1.89 and a beta of 1.08. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group has a 52-week low of $325.01 and a 52-week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 EPS. As a group, sell-side analysts anticipate that Kinsale Capital Group will post 15.13 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.14%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

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.