Kinsale Capital Group, Inc. (NYSE:KNSL) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Kinsale Capital Group, Inc. has received a consensus recommendation of "Hold" from eleven brokerages, with a mixture of seven holds and four buys.
• The average 12-month price target for Kinsale Capital Group is $505.80, reflecting recent adjustments made by various analysts.
• In their latest quarterly report, Kinsale Capital Group reported earnings of $4.78 EPS, surpassing estimates and showing a year-over-year revenue growth of 22.2%.

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) have been given a consensus rating of "Hold" by the eleven analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $505.80.

A number of equities research analysts recently commented on KNSL shares. BMO Capital Markets raised their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a research 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 report on Sunday, June 22nd. Bank of America assumed coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They set a "buy" rating and a $543.00 price objective for the company. Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Finally, Truist Financial lifted their target price on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, July 28th.

Institutional Investors Weigh In On Kinsale Capital Group

A number of institutional investors have recently modified their holdings of the business. Canal Capital Management LLC lifted its stake in Kinsale Capital Group by 8.8% during the second quarter. Canal Capital Management LLC now owns 9,385 shares of the financial services provider's stock valued at $4,541,000 after purchasing an additional 757 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Kinsale Capital Group by 62.5% during the 2nd quarter. Squarepoint Ops LLC now owns 3,732 shares of the financial services provider's stock worth $1,806,000 after buying an additional 1,435 shares during the period. Munro Partners bought a new stake in shares of Kinsale Capital Group during the 2nd quarter worth $2,352,000. State of Wyoming boosted its holdings in Kinsale Capital Group by 36.5% in the 2nd quarter. State of Wyoming now owns 1,189 shares of the financial services provider's stock valued at $575,000 after purchasing an additional 318 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Kinsale Capital Group by 176.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,013 shares of the financial services provider's stock valued at $490,000 after purchasing an additional 646 shares during the period. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Up 0.2%

NYSE:KNSL traded up $0.84 during trading hours on Friday, reaching $428.16. 324,845 shares of the stock were exchanged, compared to its average volume of 184,978. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $453.40 and a two-hundred day moving average of $462.24. Kinsale Capital Group has a twelve month low of $405.00 and a twelve month high of $531.79. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.58 and a beta of 1.13.

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

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. 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.