Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $484.57 Consensus Target Price from Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has received an average recommendation of "Hold" from the nine research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $484.57.

A number of equities research analysts recently weighed in on KNSL shares. Truist Financial lowered their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Wall Street Zen lowered shares of Kinsale Capital Group from a "hold" rating to a "sell" rating in a research note on Saturday. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley raised their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL traded up $0.75 during midday trading on Thursday, reaching $474.69. The company's stock had a trading volume of 146,998 shares, compared to its average volume of 174,206. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group has a fifty-two week low of $366.92 and a fifty-two week high of $531.79. The business's 50 day moving average price is $464.57 and its two-hundred day moving average price is $462.35. The company has a market cap of $11.07 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.66 and a beta of 1.20.

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

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a dividend of $0.17 per share. This represents a yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group's payout ratio is currently 3.91%.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the transaction, the executive vice president now owns 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is currently owned by insiders.

Institutional Trading of Kinsale Capital Group

A number of hedge funds and other institutional investors have recently modified their holdings of KNSL. LPL Financial LLC lifted its holdings in shares of Kinsale Capital Group by 29.4% in the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after acquiring an additional 4,644 shares during the last quarter. California Public Employees Retirement System boosted its stake in Kinsale Capital Group by 11.8% in the 4th quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock worth $18,299,000 after purchasing an additional 4,146 shares in the last quarter. Empowered Funds LLC acquired a new stake in Kinsale Capital Group in the 4th quarter worth approximately $1,071,000. Charles Schwab Investment Management Inc. boosted its stake in Kinsale Capital Group by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock worth $70,907,000 after purchasing an additional 3,970 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

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.