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

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) have been given a consensus recommendation of "Hold" by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $484.57.

Several equities research analysts recently commented on the stock. Truist Financial dropped their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note 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. Morgan Stanley boosted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the company's 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 completion of the sale, the executive vice president now directly owns 6,646 shares of the company's stock, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.50% of the stock is owned by insiders.

Institutional Trading of Kinsale Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in shares of Kinsale Capital Group by 29.4% in the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after purchasing an additional 4,644 shares in the last quarter. California Public Employees Retirement System lifted its position in Kinsale Capital Group by 11.8% during the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock valued at $18,299,000 after purchasing an additional 4,146 shares during the last quarter. Empowered Funds LLC bought a new position in Kinsale Capital Group during the fourth quarter valued at $1,071,000. Charles Schwab Investment Management Inc. lifted its position in Kinsale Capital Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock valued at $70,907,000 after purchasing an additional 3,970 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its position in Kinsale Capital Group by 206.3% during the first quarter. Portside Wealth Group LLC now owns 1,835 shares of the financial services provider's stock valued at $893,000 after purchasing an additional 1,236 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 0.2%

Shares of KNSL stock traded up $0.75 during mid-day trading on Thursday, reaching $474.69. The stock had a trading volume of 146,998 shares, compared to its average volume of 174,514. Kinsale Capital Group has a 52-week low of $366.92 and a 52-week high of $531.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average price is $464.57 and its two-hundred day moving average price is $461.98. The firm has a market capitalization of $11.07 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20.

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

Kinsale Capital Group Dividend Announcement

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

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.