Kinsale Capital Group (NYSE:KNSL) Reaches New 12-Month Low - Time to Sell?

Key Points

• Kinsale Capital shares hit a new 52-week low (~$300) as multiple analysts cut ratings and price targets; the consensus remains a "Hold" with an average target of $392, though recent cuts have pushed some targets into the $280–357 range.
• The company reported a strong quarterly beat (EPS $5.11 vs. $4.70) and raised its quarterly dividend to $0.25, but the stock trades well below its 50- and 200-day moving averages and shows very low liquidity ratios (current/quick ≈ 0.10), reflecting market caution despite solid profitability (net margin 27.5%, ROE 25.8%).

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $300.23 and last traded at $305.2090, with a volume of 321410 shares changing hands. The stock had previously closed at $304.16.

Analysts Set New Price Targets

A number of research firms have recently commented on KNSL. Weiss Ratings lowered shares of Kinsale Capital Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, April 27th. Cantor Fitzgerald reduced their price target on shares of Kinsale Capital Group from $360.00 to $280.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Jefferies Financial Group lowered shares of Kinsale Capital Group from a "hold" rating to an "underperform" rating and cut their target price for the stock from $392.00 to $312.00 in a research report on Thursday, March 19th. JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $450.00 to $410.00 and set a "neutral" rating for the company in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lowered shares of Kinsale Capital Group from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $420.00 to $357.00 in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $392.00.

Kinsale Capital Group Price Performance

The firm's 50-day moving average is $352.68 and its 200-day moving average is $380.32. The company has a market capitalization of $7.04 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The business had revenue of $466.71 million during the quarter, compared to analyst estimates of $410.25 million. During the same period in the prior year, the business posted $3.71 earnings per share. The company's revenue was down .5% on a year-over-year basis. Equities analysts predict that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 26th. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group's dividend payout ratio (DPR) is currently 4.40%.

Institutional Trading of Kinsale Capital Group

Institutional investors have recently added to or reduced their stakes in the business. Bayban purchased a new stake in Kinsale Capital Group during the fourth quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new stake in Kinsale Capital Group during the fourth quarter valued at about $25,000. eCIO Inc. purchased a new stake in Kinsale Capital Group during the fourth quarter valued at about $29,000. International Assets Investment Management LLC purchased a new stake in Kinsale Capital Group during the fourth quarter valued at about $29,000. Finally, Johnson Financial Group Inc. boosted its position in Kinsale Capital Group by 257.1% during the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider's stock valued at $32,000 after buying an additional 54 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

About Kinsale Capital Group

Kinsale Capital Group, Inc NYSE: KNSL is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company's product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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