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

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has been assigned an average recommendation of "Hold" from the ten analysts that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $491.88.

Several brokerages have commented on KNSL. Morgan Stanley raised their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Truist Financial lowered their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America initiated coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price target on 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.

Kinsale Capital Group Trading Up 0.2%

Shares of Kinsale Capital Group stock traded up $1.08 on Monday, hitting $490.04. The stock had a trading volume of 184,813 shares, compared to its average volume of 180,974. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. Kinsale Capital Group has a one year low of $366.92 and a one year high of $531.79. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.81 and a beta of 1.19. The stock's 50-day simple moving average is $468.15 and its two-hundred day simple moving average is $459.40.

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 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same quarter last year, the firm posted $3.50 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Kinsale Capital Group will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

Insider Activity

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was 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 directly owned 6,646 shares in the company, valued at $3,136,912. The trade was a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Kinsale Capital Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock valued at $983,137,000 after acquiring an additional 29,553 shares during the period. Geode Capital Management LLC grew its stake in shares of Kinsale Capital Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock valued at $254,441,000 after acquiring an additional 16,246 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Kinsale Capital Group by 6.2% during the 1st quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider's stock valued at $263,233,000 after acquiring an additional 31,480 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Kinsale Capital Group by 39.8% during the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider's stock valued at $224,204,000 after acquiring an additional 131,056 shares during the period. Finally, Geneva Capital Management LLC grew its stake in shares of Kinsale Capital Group by 0.6% during the 1st quarter. Geneva Capital Management LLC now owns 405,363 shares of the financial services provider's stock valued at $197,294,000 after acquiring an additional 2,449 shares during the period. 85.36% of the stock is currently owned by institutional investors.

About Kinsale Capital Group

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.