Kinsale Capital Group’s (KNSL) Market Perform Rating Reiterated at JMP Securities

Kinsale Capital Group (NYSE:KNSL)‘s stock had its “market perform” rating reissued by analysts at JMP Securities in a research note issued to investors on Friday,Benzinga reports.

Several other equities analysts also recently commented on the company. Morgan Stanley decreased their target price on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday. Truist Financial reduced their price target on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada cut their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. BMO Capital Markets raised their price target 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 upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research note on Monday, October 28th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $460.78.

Kinsale Capital Group Stock Performance

Shares of KNSL traded down $38.14 during mid-day trading on Friday, reaching $448.97. The company’s stock had a trading volume of 154,410 shares, compared to its average volume of 199,426. Kinsale Capital Group has a 1-year low of $355.12 and a 1-year high of $548.47. The business has a 50-day simple moving average of $461.05 and a two-hundred day simple moving average of $465.71. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a market cap of $10.46 billion, a P/E ratio of 25.59, a PEG ratio of 1.82 and a beta of 1.15.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. As a group, equities research analysts anticipate that Kinsale Capital Group will post 15.67 earnings per share for the current fiscal year.

Insider Transactions at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction dated 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 owns 447 shares in the company, valued at $223,191.57. This represents a 90.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now owns 7,348 shares in the company, valued at $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock worth $3,618,954 over the last ninety days. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 21 shares during the period. Ballentine Partners LLC raised its stake in Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after buying an additional 25 shares during the period. Caprock Group LLC boosted its holdings in Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 28 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 31 shares during the last quarter. Finally, CWM LLC grew its position in Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

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.