Kinsale Capital Group (NYSE:KNSL) Upgraded at Wall Street Zen

Kinsale Capital Group (NYSE:KNSL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday.

KNSL has been the topic of a number of other research reports. Bank of America initiated coverage on shares of Kinsale Capital Group in a research report on Friday. They set a "buy" rating and a $543.00 price target on the stock. Morgan Stanley upped their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Truist Financial cut their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $491.88.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $475.68 on Friday. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 1.80 and a beta of 1.20. Kinsale Capital Group has a twelve month low of $366.92 and a twelve month high of $531.79. The stock has a fifty day simple moving average of $464.49 and a 200 day simple moving average of $460.69. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Sell-side analysts expect that Kinsale Capital Group will post 17.72 EPS for the current year.

Insider Activity at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the transaction, the executive vice president now owns 6,646 shares of the company's stock, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Kinsale Capital Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Key Financial Inc grew its stake in Kinsale Capital Group by 315.4% in the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock valued at $26,000 after buying an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Kinsale Capital Group in the first quarter worth $31,000. Larson Financial Group LLC increased its position in shares of Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 74 shares during the period. NBC Securities Inc. purchased a new position in shares of Kinsale Capital Group in the first quarter valued at about $35,000. Finally, Allworth Financial LP increased its position in shares of Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

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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