Kinsale Capital Group (NYSE:KNSL) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Kinsale Capital Group (NYSE:KNSL - Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.

KNSL has been the topic of a number of other reports. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Morgan Stanley increased their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. 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. Finally, Truist Financial lowered their price target 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $484.57.

Kinsale Capital Group Trading Down 1.1%

Shares of Kinsale Capital Group stock traded down $5.22 on Friday, reaching $465.25. 203,481 shares of the company's stock were exchanged, compared to its average volume of 175,315. The company has a market capitalization of $10.84 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.77 and a beta of 1.20. Kinsale Capital Group has a 52 week low of $366.92 and a 52 week high of $531.79. The firm's 50-day moving average is $465.13 and its two-hundred day moving average is $461.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.11 and a current ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted 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 return on equity of 26.36% and a net margin of 24.73%. The firm had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. During the same period in the prior year, the business earned $3.50 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were given 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 is presently 3.91%.

Insider Activity

In related news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the sale, the executive vice president now owns 6,646 shares of the company's stock, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KNSL. Key Financial Inc boosted its position in shares of Kinsale Capital Group by 315.4% during the 1st 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 last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $31,000. Larson Financial Group LLC increased its stake in shares of 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 buying an additional 74 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $35,000. Institutional investors own 85.36% of the company's stock.

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.