Kinsale Capital Group (NASDAQ:KNSL) PT Lowered to $210.00 at Truist Securities

Kinsale Capital Group (NASDAQ:KNSL) had its price target lowered by stock analysts at Truist Securities from $245.00 to $210.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Securities’ target price indicates a potential upside of 27.09% from the stock’s current price.

KNSL has been the subject of several other reports. Compass Point raised Kinsale Capital Group from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Thursday, March 4th. JPMorgan Chase & Co. cut Kinsale Capital Group from an “overweight” rating to a “neutral” rating in a research report on Friday, April 16th. Truist reduced their price target on Kinsale Capital Group from $245.00 to $210.00 in a research report on Tuesday, April 13th. Finally, Truist Financial increased their price target on Kinsale Capital Group from $220.00 to $245.00 in a research report on Thursday, January 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $211.00.

NASDAQ:KNSL opened at $165.24 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $3.76 billion, a PE ratio of 55.26 and a beta of 0.82. Kinsale Capital Group has a 52-week low of $102.11 and a 52-week high of $252.70. The stock has a 50-day simple moving average of $168.52 and a 200 day simple moving average of $198.68.

Kinsale Capital Group (NASDAQ:KNSL) last posted its quarterly earnings data on Wednesday, February 17th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.35. The business had revenue of $139.33 million during the quarter, compared to the consensus estimate of $122.29 million. Kinsale Capital Group had a return on equity of 13.42% and a net margin of 16.47%. On average, research analysts predict that Kinsale Capital Group will post 2.79 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in KNSL. Prime Capital Investment Advisors LLC lifted its holdings in Kinsale Capital Group by 64.6% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 158 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 62 shares during the last quarter. Dorsey Wright & Associates lifted its holdings in Kinsale Capital Group by 33.5% during the 4th quarter. Dorsey Wright & Associates now owns 235 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 59 shares during the last quarter. Baldwin Brothers Inc. MA acquired a new stake in Kinsale Capital Group during the 1st quarter worth approximately $49,000. KBC Group NV acquired a new stake in Kinsale Capital Group during the 4th quarter worth approximately $63,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in Kinsale Capital Group during the 4th quarter worth approximately $70,000. 82.80% of the stock is owned by institutional investors and hedge funds.

About Kinsale Capital Group

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

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Analyst Recommendations for Kinsale Capital Group (NASDAQ:KNSL)

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