Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $491.88 Consensus PT from Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten ratings firms that are covering the company, MarketBeat Ratings 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 price target among brokers that have issued ratings on the stock in the last year is $491.88.

KNSL has been the subject of a number of research reports. 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 research report on Monday, May 19th. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America initiated coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 price target for the company. Truist Financial lowered their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their target price 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 Stock Performance

NYSE:KNSL traded up $2.27 on Monday, reaching $487.46. 222,142 shares of the company's stock were exchanged, compared to its average volume of 180,452. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.76 and a beta of 1.19. Kinsale Capital Group has a 52 week low of $366.92 and a 52 week high of $531.79. The stock has a fifty day simple moving average of $465.86 and a 200-day simple moving average of $459.03.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $3.50 earnings per share. As a group, sell-side analysts predict that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

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

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group 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 directly owned 6,646 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.50% of the company's stock.

Institutional Investors Weigh In On Kinsale Capital Group

A number of large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted 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 acquiring an additional 254 shares in the last quarter. Artemis Investment Management LLP boosted its holdings 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. Moody Aldrich Partners LLC bought a new stake in Kinsale Capital Group in the first quarter valued at $270,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Kinsale Capital Group by 26.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,828 shares of the financial services provider's stock valued at $1,377,000 after acquiring an additional 584 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in Kinsale Capital Group by 14.7% in the first quarter. Diversified Trust Co now owns 4,785 shares of the financial services provider's stock valued at $2,329,000 after acquiring an additional 612 shares in the last quarter. Institutional investors own 85.36% of the company's stock.

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.