Analysts Set Kinsale Capital Group, Inc. (NYSE:KNSL) Price Target at $468.56

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $464.44.

A number of analysts have recently commented on the company. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley dropped their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Truist Financial dropped their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research report on Monday.

Hedge Funds Weigh In On Kinsale Capital Group

Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kinsale Capital Group during the fourth quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new position in Kinsale Capital Group during the fourth quarter worth about $31,000. NBC Securities Inc. acquired a new stake in shares of Kinsale Capital Group during the first quarter valued at about $35,000. Larson Financial Group LLC increased its position in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 74 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 72 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded up $4.55 on Wednesday, reaching $424.54. The company's stock had a trading volume of 414,353 shares, compared to its average volume of 176,295. The company has a market capitalization of $9.88 billion, a P/E ratio of 23.86, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group has a 52-week low of $355.12 and a 52-week high of $531.79. The stock has a 50-day moving average price of $460.12 and a 200-day moving average price of $462.69. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million during the quarter, compared to analysts' expectations of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.50 earnings per share. Analysts expect that Kinsale Capital Group will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.16%. Kinsale Capital Group's payout ratio is 3.91%.

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.