Brokerages Set Kinsale Capital Group, Inc. (NYSE:KNSL) Target Price at $470.00

Kinsale Capital Group, Inc. (NYSE:KNSL) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $484.57.

Several brokerages recently weighed in on KNSL. Morgan Stanley lifted their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Truist Financial reduced their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, April 28th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price target on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a research report on Monday, April 28th.

Institutional Trading of Kinsale Capital Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of Kinsale Capital Group by 29.4% during the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock worth $9,310,000 after purchasing an additional 4,644 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Kinsale Capital Group by 11.8% during the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock worth $18,299,000 after purchasing an additional 4,146 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth approximately $1,071,000. Charles Schwab Investment Management Inc. increased its position in shares of Kinsale Capital Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock worth $70,907,000 after purchasing an additional 3,970 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth approximately $46,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 1.0%

Kinsale Capital Group stock opened at $476.78 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group has a 52 week low of $366.92 and a 52 week high of $531.79. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The stock has a 50-day moving average price of $465.45 and a 200 day moving average price of $462.59.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.56. The company had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Kinsale Capital Group’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $3.50 earnings per share. Sell-side analysts anticipate that Kinsale Capital Group will post 17.72 EPS for the current year.

About Kinsale Capital Group

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.