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

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $456.88.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets boosted their target price 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. Jefferies Financial Group lifted their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial dropped their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, Royal Bank of Canada dropped 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 report on Monday, October 28th.

Kinsale Capital Group Trading Up 1.8 %

NYSE:KNSL opened at $498.69 on Friday. Kinsale Capital Group has a one year low of $325.01 and a one year high of $548.47. The business’s 50-day simple moving average is $460.24 and its 200 day simple moving average is $432.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business’s revenue was up 33.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.31 EPS. As a group, sell-side analysts predict that Kinsale Capital Group will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of Kinsale Capital Group during the third quarter worth approximately $26,000. UMB Bank n.a. boosted its position in Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 49 shares during the period. Trust Co. of Vermont grew its stake in shares of Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 42 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 79 shares in the last quarter. 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.