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

Key Points

• Analysts give Kinsale an average consensus rating of Hold from 12 firms (2 sell / 8 hold / 2 buy) with a mean 1‑year target of $392, and several brokers including Morgan Stanley, RBC and BMO have recently cut targets or downgraded the stock.
• Kinsale beat expectations this quarter with EPS of $5.11 (vs. $4.70 est.) and revenue of $466.7M, while posting strong profitability (ROE 25.8%, net margin 27.5%) despite revenue being roughly flat year‑over‑year.
• Shares trade around $312 (down ~3.7% and well below the 12‑month high of $512), the company raised its quarterly dividend to $0.25 (annualized $1.00, yield ~0.3%), and Kinsale has a market cap of ~$7.2B with a P/E of 13.7 and ~85% institutional ownership.

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) have been assigned an average rating of "Hold" from the twelve ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $392.00.

KNSL has been the topic of several research reports. Royal Bank Of Canada lowered their price target on Kinsale Capital Group from $385.00 to $375.00 and set a "sector perform" rating on the stock in a research note on Monday, April 27th. Morgan Stanley restated an "equal weight" rating and set a $350.00 price target (down from $450.00) on shares of Kinsale Capital Group in a research note on Monday, April 6th. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday. BMO Capital Markets lowered Kinsale Capital Group from a "market perform" rating to an "underperform" rating and set a $348.00 price target on the stock. in a research note on Wednesday, February 25th. Finally, Weiss Ratings lowered Kinsale Capital Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, April 27th.

Kinsale Capital Group Trading Down 3.7%

Shares of KNSL opened at $311.61 on Friday. Kinsale Capital Group has a 12-month low of $308.61 and a 12-month high of $512.76. 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 firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.01 and a beta of 0.95. The stock's 50-day moving average price is $354.05 and its 200 day moving average price is $382.07.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. During the same period in the previous year, the company posted $3.71 earnings per share. The company's quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that Kinsale Capital Group will post 20.54 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were paid a dividend of $0.25 per share. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, February 26th. Kinsale Capital Group's dividend payout ratio is presently 4.40%.

Institutional Investors Weigh In On Kinsale Capital Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC boosted its holdings in Kinsale Capital Group by 225.8% during the first quarter. Diversify Wealth Management LLC now owns 6,392 shares of the financial services provider's stock valued at $2,116,000 after purchasing an additional 4,430 shares in the last quarter. Carnegie Investment Counsel boosted its holdings in Kinsale Capital Group by 1.9% during the first quarter. Carnegie Investment Counsel now owns 62,897 shares of the financial services provider's stock valued at $21,489,000 after purchasing an additional 1,159 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Kinsale Capital Group by 1,753.3% during the first quarter. Fifth Third Bancorp now owns 7,543 shares of the financial services provider's stock valued at $2,577,000 after purchasing an additional 7,136 shares in the last quarter. Peterson Wealth Services boosted its holdings in Kinsale Capital Group by 5.8% during the first quarter. Peterson Wealth Services now owns 1,833 shares of the financial services provider's stock valued at $626,000 after purchasing an additional 101 shares in the last quarter. Finally, Isthmus Partners LLC boosted its holdings in Kinsale Capital Group by 24.6% during the first quarter. Isthmus Partners LLC now owns 25,841 shares of the financial services provider's stock valued at $8,829,000 after purchasing an additional 5,105 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

About Kinsale Capital Group

Kinsale Capital Group, Inc NYSE: KNSL is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company's product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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