Kinsale Capital Group (NYSE:KNSL) Price Target Raised to $471.00 at Jefferies Financial Group

Kinsale Capital Group (NYSE:KNSL) had its price objective raised by Jefferies Financial Group from $444.00 to $471.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

KNSL has been the subject of several other reports. Oppenheimer started coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a market perform rating for the company. Royal Bank of Canada increased 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. JPMorgan Chase & Co. increased their price target on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a neutral rating in a research note on Thursday, July 11th. Wolfe Research lowered shares of Kinsale Capital Group from an outperform rating to a peer perform rating in a research note on Monday, September 16th. Finally, Truist Financial increased their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a buy rating in a research note on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $446.00.

Kinsale Capital Group Stock Up 0.8 %

Shares of NYSE KNSL opened at $469.61 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. Kinsale Capital Group has a 12 month low of $325.01 and a 12 month high of $548.47. The firm has a market capitalization of $10.94 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. The firm has a fifty day simple moving average of $468.23 and a two-hundred day simple moving average of $430.16.

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

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.77%.

Institutional Trading of Kinsale Capital Group

A number of institutional investors have recently made changes to their positions in the stock. Cim LLC bought a new stake in shares of Kinsale Capital Group in the fourth quarter worth approximately $1,934,000. Janney Montgomery Scott LLC grew its stake in shares of Kinsale Capital Group by 113.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock worth $2,148,000 after acquiring an additional 2,172 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Kinsale Capital Group by 249.2% in the second quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock worth $2,061,000 after acquiring an additional 3,818 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Kinsale Capital Group in the first quarter worth approximately $196,358,000. Finally, Congress Asset Management Co. MA grew its stake in shares of Kinsale Capital Group by 50.9% in the first quarter. Congress Asset Management Co. MA now owns 17,248 shares of the financial services provider’s stock worth $9,051,000 after acquiring an additional 5,815 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

About Kinsale Capital Group

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.