Kinsale Capital Group (NYSE:KNSL) Rating Increased to Hold at Wall Street Zen

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

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Bank of America initiated coverage on Kinsale Capital Group in a research report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target on the stock. Truist Financial lowered their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley upped their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $491.88.

Kinsale Capital Group Trading Down 2.5%

Kinsale Capital Group stock traded down $12.15 during midday trading on Friday, reaching $466.18. 176,030 shares of the stock traded hands, compared to its average volume of 176,615. The firm has a market cap of $10.87 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.20. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $464.28 and a two-hundred day simple moving average of $460.23. Kinsale Capital Group has a 12-month low of $366.92 and a 12-month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.56. The firm had revenue of $423.40 million during 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 previous year, the business posted $3.50 earnings per share. Research analysts expect that Kinsale Capital Group will post 17.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the business'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 completion of the sale, the executive vice president now owns 6,646 shares in the company, valued at approximately $3,136,912. The trade was a 17.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinsale Capital Group

Several large investors have recently bought and sold shares of the stock. Key Financial Inc increased 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 worth $26,000 after purchasing an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Kinsale Capital Group during the 1st quarter worth approximately $31,000. NBC Securities Inc. acquired a new position in Kinsale Capital Group during the first quarter worth approximately $35,000. Larson Financial Group LLC lifted its stake in 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 buying an additional 74 shares during the last quarter. Finally, von Borstel & Associates Inc. purchased a new stake in Kinsale Capital Group in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 85.36% of the company's stock.

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.