Kinsale Capital Group (NYSE:KNSL) Shares Gap Down – Time to Sell?

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) gapped down prior to trading on Friday . The stock had previously closed at $458.42, but opened at $444.66. Kinsale Capital Group shares last traded at $431.82, with a volume of 83,279 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KNSL shares. Jefferies Financial Group upped their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Truist Financial lifted their target price on Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Oppenheimer assumed coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Royal Bank of Canada raised their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $446.00.

Kinsale Capital Group Trading Down 8.3 %

The firm has a market capitalization of $9.79 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The company’s 50-day simple moving average is $468.92 and its 200 day simple moving average is $428.10.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.50. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter last year, the firm earned $3.31 EPS. The business’s quarterly revenue was up 33.0% on a year-over-year basis. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 15.31 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s payout ratio is presently 3.99%.

Institutional Trading of Kinsale Capital Group

Large investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in Kinsale Capital Group in the first quarter valued at $25,000. ORG Wealth Partners LLC acquired a new position in Kinsale Capital Group in the third quarter valued at approximately $26,000. UMB Bank n.a. boosted its position in Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 50 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 42 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

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.