Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Has Consensus Target Price of $368.78

Key Points

• Analysts have a consensus “Reduce” rating on Kinsale Capital Group, with two sells, seven holds and one buy. The average 12-month price target is $368.78.
• Kinsale’s latest quarterly results exceeded expectations, with EPS of $5.54 versus the $5.11 consensus and revenue of $548.52 million versus $445.13 million expected; revenue rose 16.8% year over year.
• The company declared a quarterly dividend of $0.25 per share, equivalent to a $1.00 annualized payout and a 0.3% yield, while institutional investors and hedge funds own 85.36% of shares.

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) have received a consensus recommendation of "Reduce" from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $368.78.

Several brokerages have recently issued reports on KNSL. Wells Fargo & Company upped their price objective on Kinsale Capital Group from $366.00 to $377.00 and gave the company an "equal weight" rating in a research report on Monday, July 27th. Weiss Ratings raised shares of Kinsale Capital Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 19th. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. raised their target price on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Finally, Morgan Stanley lifted their target price on shares of Kinsale Capital Group from $345.00 to $390.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 19th.

Kinsale Capital Group Stock Down 0.5%

KNSL stock opened at $323.45 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The company's 50 day simple moving average is $364.96 and its 200-day simple moving average is $341.29. Kinsale Capital Group has a 12 month low of $287.20 and a 12 month high of $485.00. The firm has a market capitalization of $7.37 billion, a PE ratio of 13.11, a P/E/G ratio of 1.03 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.43. The firm had revenue of $548.52 million during the quarter, compared to the consensus estimate of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.78 EPS. Equities analysts expect that Kinsale Capital Group will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Friday, August 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. Kinsale Capital Group's dividend payout ratio (DPR) is 4.05%.

Hedge Funds Weigh In On Kinsale Capital Group

Institutional investors have recently added to or reduced their stakes in the business. Bayban acquired a new stake in Kinsale Capital Group in the 4th quarter worth about $25,000. Parallel Advisors LLC boosted its holdings in shares of Kinsale Capital Group by 185.7% in the 1st quarter. Parallel Advisors LLC now owns 120 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 78 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Kinsale Capital Group in the 1st quarter valued at $60,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $109,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $117,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

About Kinsale Capital Group

Kinsale Capital Group, Inc NYSE: KNSL is a specialty insurance company headquartered in Richmond, Virginia. Through its principal subsidiary, Kinsale Insurance Company, the company provides property and casualty insurance products in the excess and surplus lines market, which serves risks that may not be covered by standard insurance carriers.

Kinsale's offerings include commercial property, casualty and specialty insurance for businesses and organizations with complex or higher-risk exposures.

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