Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $441.91 Average Price Target from Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been given a consensus rating of “Hold” by the twelve brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $441.9091.

A number of research firms have weighed in on KNSL. Jefferies Financial Group restated a “hold” rating and issued a $433.00 price target on shares of Kinsale Capital Group in a research note on Friday, February 13th. Royal Bank Of Canada initiated coverage on Kinsale Capital Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. BMO Capital Markets downgraded Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price target for the company. in a report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kinsale Capital Group in a report on Monday, December 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KNSL. Bayban purchased a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in shares of Kinsale Capital Group during the fourth quarter worth about $25,000. eCIO Inc. acquired a new position in Kinsale Capital Group in the 4th quarter valued at about $29,000. International Assets Investment Management LLC purchased a new stake in Kinsale Capital Group during the 4th quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. raised 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 last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Down 1.1%

NYSE KNSL opened at $358.46 on Friday. Kinsale Capital Group has a 52 week low of $341.06 and a 52 week high of $512.76. The firm has a 50 day moving average of $388.41 and a two-hundred day moving average of $404.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $8.30 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

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

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

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 26th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.17. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.61%.

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.