Kinsale Capital Group (NYSE:KNSL) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of Kinsale Capital Group (NYSE:KNSL - Free Report) from a hold rating to a sell rating in a report published on Saturday morning.

Other equities research analysts also recently issued reports about the company. Morgan Stanley upped their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial dropped 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. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, 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 report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $484.57.

Kinsale Capital Group Stock Up 0.2%

Shares of NYSE:KNSL traded up $0.75 during trading on Friday, hitting $474.69. The company's stock had a trading volume of 146,998 shares, compared to its average volume of 174,206. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $11.07 billion, a PE ratio of 26.68, a PEG ratio of 1.66 and a beta of 1.20. Kinsale Capital Group has a fifty-two week low of $366.92 and a fifty-two week high of $531.79. The stock's 50-day moving average price is $464.57 and its two-hundred day moving average price is $462.35.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating the consensus estimate of $3.15 by $0.56. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 earnings per share. As a group, sell-side analysts expect that Kinsale Capital Group will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

Insider Transactions at Kinsale Capital Group

In related 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 transaction, the executive vice president now directly owns 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kinsale Capital Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Key Financial Inc increased its stake 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 acquiring an additional 41 shares during the period. N.E.W. Advisory Services LLC bought a new position in Kinsale Capital Group during the first quarter valued at about $31,000. Bank of Jackson Hole Trust acquired a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $31,000. NBC Securities Inc. acquired a new stake in Kinsale Capital Group during the first quarter valued at approximately $35,000. Finally, Larson Financial Group LLC boosted its holdings in Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 74 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

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.