Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Kinsale Capital Group, Inc. has received an average rating of "Hold" from eleven research firms, with seven analysts recommending hold and four recommending buy.
• The company reported a quarterly earnings per share (EPS) of $4.78, exceeding estimates by $0.37 and showing a 22.2% increase in revenue compared to the same quarter last year.
• Kinsale Capital Group recently declared a quarterly dividend of $0.17 per share, marking an annualized yield of 0.2%, with a payout ratio of 3.55%.

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has earned an average rating of "Hold" from the eleven analysts that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $505.80.

KNSL has been the subject of several research reports. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. BMO Capital Markets raised their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Morgan Stanley lifted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Bank of America started coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price for the company.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the sale, the executive vice president owned 6,646 shares in the company, valued at $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. increased its position in Kinsale Capital Group by 1.1% during the second quarter. Epoch Investment Partners Inc. now owns 2,174 shares of the financial services provider's stock worth $1,052,000 after buying an additional 23 shares during the period. Vident Advisory LLC boosted its stake in shares of Kinsale Capital Group by 2.9% in the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider's stock valued at $399,000 after buying an additional 23 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Kinsale Capital Group by 11.3% in the second quarter. UMB Bank n.a. now owns 237 shares of the financial services provider's stock valued at $115,000 after buying an additional 24 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Kinsale Capital Group by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock worth $683,000 after purchasing an additional 25 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its position in Kinsale Capital Group by 3.6% during the second quarter. Total Clarity Wealth Management Inc. now owns 716 shares of the financial services provider's stock worth $346,000 after purchasing an additional 25 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Up 0.1%

Shares of NYSE KNSL traded up $0.33 during mid-day trading on Tuesday, reaching $455.41. 94,992 shares of the company's stock traded hands, compared to its average volume of 187,447. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The business has a 50-day simple moving average of $465.25 and a 200 day simple moving average of $462.18. Kinsale Capital Group has a 1-year low of $405.00 and a 1-year high of $531.79. The stock has a market cap of $10.61 billion, a P/E ratio of 23.76, a PEG ratio of 1.67 and a beta of 1.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, beating the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The company had revenue of $458.70 million during the quarter, compared to analysts' expectations of $436.25 million. During the same quarter in the previous year, the company earned $3.75 earnings per share. Kinsale Capital Group's revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts expect that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.1%. Kinsale Capital Group's payout ratio is presently 3.55%.

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.