Kinsale Capital Group (NYSE:KNSL) Stock Rating Lowered by Wall Street Zen

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

A number of other research analysts have also recently weighed in on the stock. Truist Financial dropped their target price on shares of Kinsale Capital Group from $510.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Royal Bank Of Canada began coverage on shares of Kinsale Capital Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price target on the stock. Wells Fargo & Company assumed coverage on Kinsale Capital Group in a research note on Thursday, January 15th. They issued an “overweight” rating and a $490.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating on shares of Kinsale Capital Group in a report on Tuesday, December 16th. Finally, TD Cowen decreased their target price on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $441.91.

Kinsale Capital Group Stock Up 1.9%

Shares of NYSE:KNSL opened at $389.80 on Friday. Kinsale Capital Group has a 1 year low of $341.06 and a 1 year high of $512.76. The company has a market capitalization of $9.02 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The business has a fifty day moving average price of $393.52 and a two-hundred day moving average price of $411.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.08 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, February 12th. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $5.30 by $0.51. The company had revenue of $483.27 million for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $4.62 EPS. Analysts forecast that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Kinsale Capital Group announced that its board has initiated a stock repurchase program on Thursday, December 11th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Kinsale Capital Group

A number of institutional investors have recently added to or reduced their stakes in KNSL. V Square Quantitative Management LLC purchased a new position in Kinsale Capital Group during the 4th quarter valued at about $25,000. eCIO Inc. purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth about $29,000. International Assets Investment Management LLC bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. grew its stake in Kinsale Capital Group by 257.1% during the third 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 in the last quarter. Finally, Root Financial Partners LLC bought a new stake in Kinsale Capital Group during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

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.