Kinsale Capital Group (NYSE:KNSL) Given New $525.00 Price Target at Truist Financial

Kinsale Capital Group (NYSE:KNSL) had its price target lifted by investment analysts at Truist Financial from $480.00 to $525.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price would suggest a potential upside of 18.91% from the company’s previous close.

Other research analysts have also issued reports about the stock. Royal Bank of Canada decreased their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research note on Monday, October 28th. Morgan Stanley lowered their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, BMO Capital Markets raised their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group has an average rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Price Performance

NYSE KNSL traded down $7.84 during mid-day trading on Tuesday, hitting $441.50. The stock had a trading volume of 252,641 shares, compared to its average volume of 221,722. The firm’s 50 day moving average is $458.10 and its 200 day moving average is $465.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 1.82 and a beta of 1.15. Kinsale Capital Group has a twelve month low of $355.12 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. Equities research analysts forecast that Kinsale Capital Group will post 15.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now directly owns 447 shares in the company, valued at $223,191.57. This represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,235 shares of company stock valued at $3,618,954. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Kinsale Capital Group by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider’s stock valued at $983,137,000 after purchasing an additional 29,553 shares during the period. State Street Corp boosted its stake in shares of Kinsale Capital Group by 1.3% in the 3rd quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock valued at $320,957,000 after buying an additional 8,954 shares during the period. Geode Capital Management LLC grew its position in shares of Kinsale Capital Group by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider’s stock worth $254,441,000 after buying an additional 16,246 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after buying an additional 44,931 shares during the period. Finally, Geneva Capital Management LLC raised its holdings in Kinsale Capital Group by 1.3% in the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock valued at $189,874,000 after acquiring an additional 5,207 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

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.