Kinsale Capital Group (NYSE:KNSL) Given New $400.00 Price Target at JPMorgan Chase & Co.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) had its price objective dropped by analysts at JPMorgan Chase & Co. from $402.00 to $400.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential downside of 4.79% from the company's current price.

KNSL has been the subject of a number of other reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial increased their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Morgan Stanley lowered their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $467.22.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $420.13 on Monday. 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 firm's 50-day moving average is $460.47 and its 200-day moving average is $463.01. Kinsale Capital Group has a 52-week low of $355.12 and a 52-week high of $531.79. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.66 and a beta of 1.16.

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 EPS for the quarter, beating the consensus estimate of $3.15 by $0.56. The firm had revenue of $423.40 million during the quarter, compared to analysts' expectations of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Equities research analysts anticipate that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Kinsale Capital Group by 59,220.7% during the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after acquiring an additional 308,540 shares during the last quarter. Norges Bank acquired a new position in Kinsale Capital Group during the 4th quarter valued at about $89,200,000. Alliancebernstein L.P. boosted its stake in shares of Kinsale Capital Group by 486.3% in the 4th quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock valued at $99,559,000 after purchasing an additional 177,540 shares during the last quarter. Premier Fund Managers Ltd grew its position in shares of Kinsale Capital Group by 20,286.0% during the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock worth $48,813,000 after buying an additional 104,270 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in Kinsale Capital Group by 1,119.0% in the fourth quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock valued at $32,885,000 after buying an additional 64,900 shares during the period. Institutional investors and hedge funds 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.

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