Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $438.71 Average Price Target from Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have received a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $446.00.

Several research firms recently weighed in on KNSL. Wolfe Research downgraded shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday. Truist Financial increased their target price on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Jefferies Financial Group raised their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $469.61 on Friday. The stock has a fifty day simple moving average of $468.23 and a 200-day simple moving average of $430.16. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The stock has a market cap of $10.94 billion, a PE ratio of 29.54, a P/E/G ratio of 2.05 and a beta of 1.08. Kinsale Capital Group has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. During the same quarter last year, the firm posted $2.88 earnings per share. Kinsale Capital Group’s revenue was up 30.0% compared to the same quarter last year. Equities analysts anticipate that Kinsale Capital Group will post 15.31 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s payout ratio is presently 3.77%.

Institutional Trading of Kinsale Capital Group

Large investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new position in Kinsale Capital Group in the first quarter valued at $196,358,000. Jackson Square Partners LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth about $48,035,000. Champlain Investment Partners LLC increased its holdings in shares of Kinsale Capital Group by 58.9% in the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock valued at $127,761,000 after acquiring an additional 90,209 shares during the last quarter. Natixis Investment Managers International acquired a new stake in shares of Kinsale Capital Group during the 1st quarter worth about $35,850,000. Finally, Artemis Investment Management LLP purchased a new stake in Kinsale Capital Group during the second quarter worth approximately $25,476,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

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.