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

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $510.00.

Several research analysts have recently weighed in on KNSL shares. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Royal Bank of Canada boosted their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. raised their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets cut Kinsale Capital Group from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $434.00 to $544.00 in a research report on Wednesday, February 28th.

Insider Buying and Selling at Kinsale Capital Group

In related news, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the transaction, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares of the company’s stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Kinsale Capital Group by 2.1% during the first quarter. BlackRock Inc. now owns 2,524,655 shares of the financial services provider’s stock valued at $757,775,000 after purchasing an additional 51,045 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kinsale Capital Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 2,225,632 shares of the financial services provider’s stock worth $507,488,000 after buying an additional 26,965 shares during the period. State Street Corp increased its position in Kinsale Capital Group by 1.7% during the first quarter. State Street Corp now owns 736,301 shares of the financial services provider’s stock valued at $220,996,000 after acquiring an additional 12,650 shares during the last quarter. Invesco Ltd. raised its stake in shares of Kinsale Capital Group by 15.4% in the third quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider’s stock valued at $287,435,000 after acquiring an additional 92,496 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Kinsale Capital Group by 19.8% in the 1st quarter. JPMorgan Chase & Co. now owns 596,157 shares of the financial services provider’s stock worth $178,937,000 after acquiring an additional 98,435 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Down 0.4 %

KNSL stock opened at $450.96 on Friday. The stock has a market capitalization of $10.46 billion, a P/E ratio of 34.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. Kinsale Capital Group has a 1-year low of $297.33 and a 1-year high of $548.47. The business has a fifty day moving average price of $486.84 and a 200-day moving average price of $414.10.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Friday, February 16th. The financial services provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.44 by $0.43. The company had revenue of $351.17 million during the quarter, compared to the consensus estimate of $367.98 million. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. Kinsale Capital Group’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period last year, the company earned $2.60 EPS. Equities analysts forecast that Kinsale Capital Group will post 15.26 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were issued a $0.15 dividend. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Monday, February 26th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.54%.

Kinsale Capital Group Company Profile

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.