Analysts Set Kinsale Capital Group, Inc. (NYSE:KNSL) PT at $470.00

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) have been assigned a consensus rating of "Hold" from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $484.57.

Several research analysts have commented on KNSL shares. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Morgan Stanley increased their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday. Truist Financial reduced their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered 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 research report on Monday, April 28th.

Institutional Trading of Kinsale Capital Group

Several hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its stake in shares of Kinsale Capital Group by 29.4% during 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 in the last quarter. California Public Employees Retirement System grew its holdings in Kinsale Capital Group by 11.8% in the fourth 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 during the last quarter. Empowered Funds LLC purchased a new position in Kinsale Capital Group in the fourth quarter worth $1,071,000. Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $70,907,000 after purchasing an additional 3,970 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Down 2.4%

Shares of NYSE KNSL traded down $11.38 during mid-day trading on Friday, reaching $464.97. The company had a trading volume of 176,154 shares, compared to its average volume of 170,695. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. Kinsale Capital Group has a 52 week low of $366.92 and a 52 week high of $531.79. The business's 50-day moving average is $465.45 and its 200-day moving average is $462.59. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. During the same period in the prior year, the firm earned $3.50 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts expect that Kinsale Capital Group will post 17.72 earnings per share for the current year.

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.