Kinsale Capital Group (NYSE:KNSL) Upgraded at Cantor Fitzgerald

Key Points

• Kinsale Capital Group has been upgraded to a "hold" rating by Cantor Fitzgerald, indicating a neutral stance on the stock.
• The stock price of Kinsale Capital Group opened at $451.70, with a market capitalization of $10.52 billion and a PE ratio of 23.56.
• Kinsale Capital Group reported earnings of $4.78 EPS for the last quarter, exceeding estimates and reflecting a 22.2% year-over-year revenue growth.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) was upgraded by research analysts at Cantor Fitzgerald to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports. Cantor Fitzgerald also issued estimates for Kinsale Capital Group's FY2025 earnings at $18.74 EPS and FY2026 earnings at $20.67 EPS.

Several other equities research analysts have also commented on the stock. Morgan Stanley boosted their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Compass Point boosted their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Truist Financial boosted their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $505.80.

Kinsale Capital Group Stock Up 1.8%

Shares of NYSE:KNSL traded up $7.9130 during trading hours on Wednesday, hitting $453.9130. The company's stock had a trading volume of 59,655 shares, compared to its average volume of 206,564. Kinsale Capital Group has a 52 week low of $405.00 and a 52 week high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.62 and a beta of 1.12. The firm's fifty day moving average price is $466.66 and its 200 day moving average price is $463.08.

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

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the transaction, the executive vice president owned 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.50% of the company's stock.

Institutional Trading of Kinsale Capital Group

Several large investors have recently made changes to their positions in the business. Epoch Investment Partners Inc. boosted its holdings in shares of Kinsale Capital Group by 1.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,174 shares of the financial services provider's stock valued at $1,052,000 after acquiring an additional 23 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Kinsale Capital Group by 2.9% in the 2nd quarter. Vident Advisory LLC now owns 825 shares of the financial services provider's stock valued at $399,000 after acquiring an additional 23 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Kinsale Capital Group by 11.3% in the 2nd quarter. UMB Bank n.a. now owns 237 shares of the financial services provider's stock valued at $115,000 after acquiring an additional 24 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Kinsale Capital Group by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after acquiring an additional 25 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its holdings in shares of Kinsale Capital Group by 3.6% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 716 shares of the financial services provider's stock valued at $346,000 after acquiring an additional 25 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

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.