Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $456.88 Consensus Price Target from Brokerages

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have received a consensus rating of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to 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 analysts recently issued reports on KNSL shares. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Jefferies Financial Group raised their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets lifted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Finally, Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research report on Monday, October 28th.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now directly owns 447 shares of the company’s stock, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Artemis Investment Management LLP bought a new position in Kinsale Capital Group in the 2nd quarter worth approximately $25,476,000. Westfield Capital Management Co. LP grew its holdings in Kinsale Capital Group by 65.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock worth $69,471,000 after acquiring an additional 58,971 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Kinsale Capital Group by 75.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after acquiring an additional 57,460 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of 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 valued at $164,291,000 after buying an additional 52,218 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Kinsale Capital Group by 76,986.9% in the 3rd quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after buying an additional 46,962 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 0.7 %

Shares of NYSE:KNSL opened at $515.45 on Friday. The firm has a 50 day simple moving average of $464.91 and a 200 day simple moving average of $435.68. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. 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 company has a market cap of $12.00 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.15 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 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter in the previous year, the business posted $3.31 EPS. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, research analysts expect that Kinsale Capital Group will post 15.67 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

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

Kinsale Capital Group Company Profile

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.