Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $506.44 Average Target Price from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has received a consensus rating of "Hold" from the ten research firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $506.44.

A number of research analysts have issued reports on KNSL shares. Bank of America started coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price on the stock. BMO Capital Markets increased their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a report on Tuesday. Compass Point increased their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a report on Monday. Truist Financial increased their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 1,398 shares of the firm'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 value of $659,856.00. Following the transaction, the executive vice president owned 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its holdings in Kinsale Capital Group by 10.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider's stock valued at $1,272,000 after buying an additional 254 shares during the period. Bridges Investment Management Inc. raised its holdings in Kinsale Capital Group by 111.5% in the first quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider's stock valued at $2,446,000 after buying an additional 2,650 shares during the period. M&T Bank Corp grew its position in Kinsale Capital Group by 43.4% in the first quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider's stock valued at $1,787,000 after acquiring an additional 1,111 shares in the last quarter. Artemis Investment Management LLP grew its position in Kinsale Capital Group by 43.9% in the first quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider's stock valued at $39,387,000 after acquiring an additional 24,681 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in Kinsale Capital Group in the first quarter valued at approximately $270,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Up 0.8%

NYSE:KNSL traded up $3.70 on Friday, reaching $444.39. The stock had a trading volume of 189,843 shares, compared to its average volume of 222,047. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 1.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The firm's fifty day moving average is $472.87 and its two-hundred day moving average is $462.26. Kinsale Capital Group has a 12-month low of $405.00 and a 12-month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.75 EPS. Equities analysts expect that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a $0.17 dividend. The ex-dividend date was Thursday, May 29th. This represents a yield of 15.0%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 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.