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

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $472.6364.

KNSL has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kinsale Capital Group in a research report on Monday, December 29th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $433.00 price objective on shares of Kinsale Capital Group in a report on Friday. Royal Bank Of Canada started coverage on shares of Kinsale Capital Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 target price for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Kinsale Capital Group in a research report on Tuesday, December 16th.

Hedge Funds Weigh In On Kinsale Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in Kinsale Capital Group by 76.2% during the first quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock worth $397,000 after buying an additional 361 shares during the last quarter. CWM LLC boosted its stake in Kinsale Capital Group by 37.6% in the second quarter. CWM LLC now owns 494 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 135 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of Kinsale Capital Group during the 2nd quarter valued at approximately $277,000. Stratos Wealth Advisors LLC bought a new position in shares of Kinsale Capital Group during the 2nd quarter valued at approximately $230,000. Finally, Calamos Wealth Management LLC purchased a new stake in shares of Kinsale Capital Group during the 2nd quarter worth approximately $203,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Down 7.4%

KNSL opened at $371.15 on Tuesday. Kinsale Capital Group has a fifty-two week low of $341.06 and a fifty-two week high of $512.76. The firm has a market capitalization of $8.63 billion, a PE ratio of 17.13, a P/E/G ratio of 1.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.08 and a quick ratio of 0.09. The company’s 50-day moving average is $394.96 and its 200 day moving average is $415.35.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.30 by $0.51. The business had revenue of $483.27 million during the quarter, compared to the consensus estimate of $467.66 million. Kinsale Capital Group had a return on equity of 25.45% and a net margin of 26.87%.During the same quarter in the previous year, the business earned $4.62 EPS. As a group, research analysts predict that Kinsale Capital Group will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group announced that its Board of Directors has approved a share buyback plan on Thursday, December 11th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 26th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.17. Kinsale Capital Group’s payout ratio is 3.14%.

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.