Brokerages Set Kinsale Capital Group, Inc. (NYSE:KNSL) Price Target at $491.88

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) have received an average rating of "Hold" from the ten analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $491.88.

KNSL has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. 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. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. lowered their target price 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, Truist Financial decreased their price target 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.

Kinsale Capital Group Trading Up 0.1%

KNSL stock traded up $0.49 during trading on Monday, reaching $489.45. The company had a trading volume of 79,930 shares, compared to its average volume of 180,395. Kinsale Capital Group has a 52 week low of $366.92 and a 52 week high of $531.79. The company has a market cap of $11.41 billion, a P/E ratio of 28.13, a PEG ratio of 1.80 and a beta of 1.19. The business has a 50 day moving average of $466.91 and a 200 day moving average of $459.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same period in the prior year, the firm earned $3.50 earnings per share. Kinsale Capital Group's revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast 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. Stockholders of record on Friday, May 30th were issued a dividend of $0.17 per share. This represents a dividend yield of 0.15%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNSL. Key Financial Inc lifted its position in Kinsale Capital Group by 315.4% during the first quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 41 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Kinsale Capital Group in the first quarter worth about $31,000. Larson Financial Group LLC raised its position in shares of Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after acquiring an additional 74 shares during the period. NBC Securities Inc. acquired a new position in shares of Kinsale Capital Group in the first quarter worth about $35,000. Finally, von Borstel & Associates Inc. acquired a new position in shares of Kinsale Capital Group in the first quarter worth about $42,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.