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

Kinsale Capital Group, Inc. (NYSE:KNSL) has been given an average rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $476.60.

Several analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Kinsale Capital Group in a report on Monday, December 29th. Wells Fargo & Company initiated coverage on Kinsale Capital Group in a research report on Thursday, January 15th. They set an “overweight” rating and a $490.00 target price on the stock. Morgan Stanley reissued an “overweight” rating on shares of Kinsale Capital Group in a report on Tuesday, December 16th. TD Cowen dropped their price target on 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. Finally, Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, December 14th.

Kinsale Capital Group Trading Up 0.7%

NYSE KNSL opened at $408.25 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The firm has a market cap of $9.50 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The company has a 50 day moving average price of $388.71 and a 200 day moving average price of $425.56. Kinsale Capital Group has a 52 week low of $349.00 and a 52 week high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, beating the consensus estimate of $4.79 by $0.42. The company had revenue of $497.51 million during the quarter, compared to the consensus estimate of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. Kinsale Capital Group’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $4.20 earnings per share. As a group, sell-side analysts forecast that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group declared that its Board of Directors has initiated a share buyback program on Thursday, December 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the financial services provider to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 28th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KNSL. V Square Quantitative Management LLC acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth about $25,000. eCIO Inc. purchased a new position in Kinsale Capital Group during the 4th quarter worth approximately $29,000. Johnson Financial Group Inc. lifted 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 valued at $32,000 after acquiring an additional 54 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at $33,000. Finally, Larson Financial Group LLC increased its stake in shares of Kinsale Capital Group by 225.0% in the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 54 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.