Kinsale Capital Group, Inc. (NYSE:KNSL) Given Average Rating of “Moderate Buy” by Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $510.00.

KNSL has been the topic of several recent analyst reports. Truist Financial increased their price target on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. increased their price target on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. BMO Capital Markets lowered shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada increased their price target on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th.

Kinsale Capital Group Stock Down 0.2 %

Shares of NYSE:KNSL opened at $451.43 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $10.47 billion, a PE ratio of 34.17 and a beta of 0.89. The firm’s 50-day moving average is $489.80 and its two-hundred day moving average is $414.75. Kinsale Capital Group has a 1 year low of $297.33 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.43. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The firm had revenue of $351.17 million for the quarter, compared to analyst estimates of $367.98 million. During the same period in the prior year, the firm earned $2.60 earnings per share. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. Analysts predict that Kinsale Capital Group will post 15.26 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.15 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Monday, February 26th. Kinsale Capital Group’s payout ratio is currently 4.54%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares in the company, valued at approximately $464,867.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares of the company’s stock, valued at approximately $159,199,255.56. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Kinsale Capital Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Kinsale Capital Group during the 2nd quarter worth about $28,000. Anchor Investment Management LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $25,000. Emerald Advisers LLC bought a new stake in shares of Kinsale Capital Group during the 3rd quarter worth about $33,000. Brown Brothers Harriman & Co. bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $33,000. Finally, Beacon Capital Management LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $33,000. 85.36% of the stock is owned by institutional investors and hedge funds.

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.