Kinsale Capital Group (KNSL) Raised to Outperform at William Blair

William Blair upgraded shares of Kinsale Capital Group (NASDAQ:KNSL) from a market perform rating to an outperform rating in a research report released on Thursday morning, The Fly reports.

KNSL has been the topic of several other reports. Zacks Investment Research raised Kinsale Capital Group from a strong sell rating to a hold rating in a research report on Wednesday, October 10th. BidaskClub cut Kinsale Capital Group from a buy rating to a hold rating in a research report on Tuesday, October 9th. Finally, SunTrust Banks reiterated a buy rating and set a $65.00 target price on shares of Kinsale Capital Group in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Kinsale Capital Group has an average rating of Buy and a consensus price target of $61.33.

Kinsale Capital Group stock opened at $58.36 on Thursday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 46.69 and a beta of 0.62. Kinsale Capital Group has a fifty-two week low of $41.49 and a fifty-two week high of $64.97.



Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The business had revenue of $60.14 million for the quarter, compared to analysts’ expectations of $57.62 million. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. On average, equities research analysts anticipate that Kinsale Capital Group will post 1.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.48%. Kinsale Capital Group’s payout ratio is 22.40%.

In other news, Director Frederick L. Jr. Russell sold 5,000 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $60.35, for a total transaction of $301,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 1,000 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $61.31, for a total transaction of $61,310.00. Following the transaction, the director now owns 1,111 shares of the company’s stock, valued at $68,115.41. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $1,076,340 over the last quarter. Company insiders own 8.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System purchased a new position in Kinsale Capital Group in the 3rd quarter worth approximately $201,000. GSA Capital Partners LLP purchased a new position in Kinsale Capital Group in the 3rd quarter worth approximately $281,000. Lowe Brockenbrough & Co. Inc. purchased a new position in Kinsale Capital Group in the 3rd quarter worth approximately $332,000. Metropolitan Life Insurance Co. NY raised its holdings in Kinsale Capital Group by 29.2% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 6,477 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 1,463 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in Kinsale Capital Group by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 7,075 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 915 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.

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