Kinsale Capital Group (NYSE:KNSL) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Key Points

• Cantor Fitzgerald raised Kinsale Capital Group’s price target to $285 from $264 but maintained a “neutral” rating, implying 21.82% downside from the previous close.
• Analyst sentiment remains cautious: Kinsale has one Buy, eight Hold and two Sell ratings, resulting in a consensus “Reduce” rating and average target price of $360.
• Kinsale reported quarterly EPS of $5.70, beating estimates by $0.59, while revenue of $454.8 million also exceeded expectations; institutional investors own 85.36% of the stock.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) had its price target hoisted by investment analysts at Cantor Fitzgerald from $264.00 to $285.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. Cantor Fitzgerald's price objective would indicate a potential downside of 21.82% from the stock's previous close.

KNSL has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on Kinsale Capital Group from $390.00 to $375.00 and set a "neutral" rating for the company in a research note on Friday, October 9th. Wells Fargo & Company dropped their price objective on shares of Kinsale Capital Group from $377.00 to $348.00 and set an "equal weight" rating on the stock in a research note on Monday, October 12th. Citigroup restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday. Weiss Ratings upgraded shares of Kinsale Capital Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Finally, Morgan Stanley lowered their target price on shares of Kinsale Capital Group from $390.00 to $350.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 6th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $360.00.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $364.55 on Monday. The firm's fifty day simple moving average is $359.77 and its 200-day simple moving average is $342.25. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.15 and a beta of 0.88. Kinsale Capital Group has a 12 month low of $287.20 and a 12 month high of $438.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.07 and a quick ratio of 0.07.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $5.70 EPS for the quarter, beating the consensus estimate of $5.11 by $0.59. The firm had revenue of $454.80 million during the quarter, compared to the consensus estimate of $401.43 million. Kinsale Capital Group had a net margin of 26.89% and a return on equity of 25.73%. During the same quarter in the prior year, the firm earned $5.21 EPS. As a group, equities analysts forecast that Kinsale Capital Group will post 21.17 earnings per share for the current year.

Institutional Trading of Kinsale Capital Group

A number of large investors have recently made changes to their positions in the stock. Peterson Wealth Services boosted its position in Kinsale Capital Group by 6.1% during the third quarter. Peterson Wealth Services now owns 2,231 shares of the financial services provider's stock worth $720,000 after acquiring an additional 129 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in Kinsale Capital Group in the 3rd quarter worth approximately $248,000. Kingswood Wealth Advisors LLC raised its holdings in Kinsale Capital Group by 4.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 950 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 42 shares during the last quarter. Signaturefd LLC raised its holdings in Kinsale Capital Group by 56.5% in the 3rd quarter. Signaturefd LLC now owns 108 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 39 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Kinsale Capital Group during the 3rd quarter worth $486,000. Institutional investors and hedge funds own 85.36% of the company's stock.

About Kinsale Capital Group

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.

Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers' compensation and other specialty risks.

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