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 investment analysts at Cantor Fitzgerald to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

KNSL has been the topic of several other reports. JPMorgan Chase & Co. upped 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. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Morgan Stanley upped their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Compass Point increased their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Bank of America initiated coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They issued a "buy" rating and a $543.00 target price for the company. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of "Hold" and an average price target of $505.80.

Kinsale Capital Group Trading Up 3.3%

Shares of KNSL opened at $451.70 on Wednesday. The stock has a 50 day simple moving average of $468.04 and a 200-day simple moving average of $462.69. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock has a market cap of $10.52 billion, a PE ratio of 23.56, a PEG ratio of 1.61 and a beta of 1.12. Kinsale Capital Group has a 1 year low of $405.00 and a 1 year high of $531.79.

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

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction 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 completion of the sale, the executive vice president owned 6,646 shares of the company's stock, valued at approximately $3,136,912. The trade was a 17.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its stake in Kinsale Capital Group by 10.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider's stock valued at $1,272,000 after purchasing an additional 254 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Kinsale Capital Group by 111.5% in the 1st quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider's stock valued at $2,446,000 after buying an additional 2,650 shares during the period. M&T Bank Corp increased its position in shares of Kinsale Capital Group by 43.4% in the 1st quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider's stock valued at $1,787,000 after buying an additional 1,111 shares in the last quarter. Artemis Investment Management LLP raised its stake in Kinsale Capital Group by 43.9% during the 1st quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider's stock worth $39,387,000 after buying an additional 24,681 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new stake in Kinsale Capital Group during the 1st quarter worth $270,000. 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.

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