Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Average Recommendation of “Hold” from Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $434.00.

KNSL has been the subject of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Truist Financial cut their price target on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Oppenheimer started coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets reduced their price target on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research report on Tuesday, April 30th.

Insider Activity

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the sale, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

Several institutional investors and hedge funds have recently modified their holdings of KNSL. Vanguard Group Inc. raised its position in shares of Kinsale Capital Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock worth $700,127,000 after acquiring an additional 30,729 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Kinsale Capital Group by 14.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after acquiring an additional 52,218 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Kinsale Capital Group by 0.4% during the first quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock valued at $173,095,000 after purchasing an additional 1,286 shares in the last quarter. Riverbridge Partners LLC raised its position in shares of Kinsale Capital Group by 25.4% during the 1st quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock worth $163,543,000 after purchasing an additional 63,141 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Kinsale Capital Group by 5.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 291,339 shares of the financial services provider’s stock worth $97,572,000 after buying an additional 15,718 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 17.6 %

Shares of KNSL opened at $443.79 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. Kinsale Capital Group has a 1 year low of $325.01 and a 1 year high of $548.47. The business’s 50 day simple moving average is $386.43 and its 200-day simple moving average is $425.55.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. During the same quarter in the prior year, the firm earned $2.88 earnings per share. Kinsale Capital Group’s revenue was up 30.0% on a year-over-year basis. As a group, equities analysts expect that Kinsale Capital Group will post 14.98 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Friday, May 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. Kinsale Capital Group’s dividend payout ratio is currently 3.99%.

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.