Kinsale Capital Group, Inc. (NYSE:KNSL) Given Consensus Rating of "Hold" by Analysts

Key Points

• Kinsale Capital Group, Inc. (NYSE:KNSL) has received a consensus rating of "Hold" from analysts, with six hold ratings and five buy ratings among the eleven covering the firm.
• The company's recent quarterly earnings beat expectations, reporting $4.78 earnings per share against an expected $4.41, with year-over-year revenue growth of 22.2%.
• Kinsale recently announced a quarterly dividend of $0.17, which translates to an annualized dividend yield of 0.1% and a payout ratio of 3.55%.

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $506.8889.

KNSL has been the subject of a number of analyst reports. Bank of America started coverage on 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 upgraded shares of Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. BMO Capital Markets upped their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the stock 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 report on Sunday, June 22nd. Finally, Compass Point lifted their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a research note on Monday, July 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KNSL. Norges Bank bought a new stake in shares of Kinsale Capital Group during the 2nd quarter worth approximately $125,812,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Kinsale Capital Group during the first quarter worth $125,003,000. First Manhattan CO. LLC. raised its position in Kinsale Capital Group by 401.4% during the first quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider's stock worth $97,961,000 after acquiring an additional 161,132 shares in the last quarter. Madison Asset Management LLC acquired a new stake in Kinsale Capital Group in the first quarter valued at $76,235,000. Finally, JPMorgan Chase & Co. lifted its stake in Kinsale Capital Group by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider's stock valued at $224,204,000 after acquiring an additional 131,056 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Trading Up 0.2%

Shares of KNSL opened at $473.22 on Wednesday. Kinsale Capital Group has a 1 year low of $405.00 and a 1 year high of $531.79. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $446.29 and a 200-day simple moving average of $460.55. The stock has a market cap of $11.03 billion, a PE ratio of 24.69, a PEG ratio of 1.73 and a beta of 1.09.

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 earnings per share for the quarter, beating 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 firm had revenue of $458.70 million during the quarter, compared to analysts' expectations of $436.25 million. During the same period last year, the firm posted $3.75 EPS. The business's revenue was up 22.2% on a year-over-year basis. On average, sell-side analysts predict that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were given a $0.17 dividend. The ex-dividend date of this dividend was 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 currently 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.

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