Kinsale Capital Group (NYSE:KNSL) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial has raised its price target for Kinsale Capital Group from $500.00 to $560.00, indicating a potential upside of 17.45% based on the current stock price.
• Despite a minor decline of 0.1% in stock price, Kinsale reported strong earnings, with $4.78 EPS for the last quarter, exceeding analysts' expectations.
• A wide range of analysts have issued ratings for Kinsale, with the company currently holding a consensus rating of "Hold" and an average target price of $506.88.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) had its price objective increased by investment analysts at Truist Financial from $500.00 to $560.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Truist Financial's price objective indicates a potential upside of 17.45% from the company's current price.

KNSL has been the topic of several other research reports. Bank of America assumed coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 target price on the stock. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley upped their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $506.88.

Kinsale Capital Group Stock Down 0.1%

NYSE:KNSL traded down $0.55 on Monday, hitting $476.80. The stock had a trading volume of 51,364 shares, compared to its average volume of 207,644. The business's fifty day moving average is $474.09 and its 200 day moving average is $461.93. The company has a market cap of $11.11 billion, a PE ratio of 24.94, a P/E/G ratio of 1.76 and a beta of 1.19. 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 has a 52 week low of $405.00 and a 52 week high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.37. The company had revenue of $458.70 million for the quarter, compared to analysts' expectations of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. Kinsale Capital Group's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.75 earnings per share. On average, equities research analysts expect that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction that occurred on 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 directly owned 6,646 shares in the company, valued at $3,136,912. This trade represents a 17.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kinsale Capital Group

A number of large investors have recently made changes to their positions in the business. Key Financial Inc boosted its position in shares of 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 in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Kinsale Capital Group during the first quarter valued at $31,000. V Square Quantitative Management LLC purchased a new position in shares of Kinsale Capital Group in the 2nd quarter worth about $31,000. NBC Securities Inc. bought a new position in Kinsale Capital Group in the 1st quarter worth about $35,000. Finally, von Borstel & Associates Inc. bought a new position in Kinsale Capital Group in the 1st quarter worth about $42,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.