Brokerages Set Kinsale Capital Group, Inc. (NYSE:KNSL) Target Price at $484.57

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating 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 research analysts recently commented on KNSL shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Wall Street Zen downgraded shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Saturday. 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, May 19th. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Finally, Truist Financial reduced their price objective on shares of 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.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $474.69 on Thursday. The firm’s fifty day moving average is $464.57 and its 200 day moving average is $461.98. 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 cap of $11.07 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.66 and a beta of 1.20.

Kinsale Capital Group (NYSE:KNSL) last released its 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. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same quarter last year, the firm posted $3.50 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts forecast that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group’s payout ratio is currently 3.91%.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the company’s stock in a transaction dated 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 directly owns 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

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

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.