Kinsale Capital Group, Inc. (NYSE:KNSL) Given Consensus Rating of “Hold” by Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $483.7778.

A number of research firms have recently commented on KNSL. Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Tuesday, November 25th. Finally, TD Cowen cut their target price on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th.

Kinsale Capital Group Stock Down 0.4%

Shares of KNSL opened at $374.10 on Thursday. Kinsale Capital Group has a fifty-two week low of $363.14 and a fifty-two week high of $531.79. The company’s fifty day moving average is $416.55 and its two-hundred day moving average is $445.24. The firm has a market cap of $8.70 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.96. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, topping the consensus estimate of $4.79 by $0.42. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The business had revenue of $497.51 million for the quarter, compared to analyst estimates of $446.00 million. During the same period last year, the company posted $4.20 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts forecast that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio is presently 3.34%.

Hedge Funds Weigh In On Kinsale Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of Kinsale Capital Group during the second quarter worth $31,000. Johnson Financial Group Inc. increased its stake in Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after buying an additional 54 shares during the period. Root Financial Partners LLC acquired a new position in Kinsale Capital Group in the 3rd quarter worth $33,000. Larson Financial Group LLC boosted its position in Kinsale Capital Group by 225.0% in the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock valued at $33,000 after buying an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Kinsale Capital Group during the second quarter valued at about $38,000. 85.36% of the stock is owned by institutional investors and hedge funds.

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.