Kinsale Capital Group (NYSE:KNSL) Downgraded by Wall Street Zen to “Sell”

Kinsale Capital Group (NYSE:KNSL) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research firms have also weighed in on KNSL. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Truist Financial lowered their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Morgan Stanley boosted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a research note on Monday, May 19th. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus price target of $484.57.

Kinsale Capital Group Stock Performance

KNSL opened at $474.69 on Friday. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group has a 1-year low of $366.92 and a 1-year high of $531.79. The business has a 50 day moving average price of $464.57 and a two-hundred day moving average price of $462.35.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Kinsale Capital Group’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 earnings per share. Research analysts predict that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Insider Transactions at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the transaction, the executive vice president now owns 6,646 shares in the company, valued at $3,136,912. This represents a 17.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Kinsale Capital Group

Several large investors have recently bought and sold shares of the business. Key Financial Inc increased its stake in Kinsale Capital Group by 315.4% in the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after buying an additional 41 shares during the period. Bank of Jackson Hole Trust acquired a new position in Kinsale Capital Group in the 4th quarter worth approximately $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $31,000. Larson Financial Group LLC lifted its position in shares of Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after buying an additional 74 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Kinsale Capital Group in the 1st quarter valued at $35,000. Institutional investors own 85.36% of the company’s stock.

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.