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

Key Points

• Wall Street Zen upgraded Kinsale Capital Group (NYSE:KNSL) from a "sell" to a "hold" rating in a note issued to investors on Saturday.
• Kinsale beat quarterly expectations with EPS of $5.81 versus $5.30 consensus and revenue of $483.3M versus $467.7M, reporting a return on equity of 25.45% and a net margin of 26.87%.
• The board authorized a $250 million share repurchase (about 2.8% of shares) while MarketBeat shows a consensus "Hold" with a $430.91 target; shares recently traded near $345.25 (12‑month range $321.97–$512.76).

Kinsale Capital Group (NYSE:KNSL - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

KNSL has been the topic of a number of other research reports. Wells Fargo & Company started coverage on Kinsale Capital Group in a report on Thursday, January 15th. They issued an "overweight" rating and a $490.00 target price on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of Kinsale Capital Group in a research report on Tuesday, December 16th. Jefferies Financial Group lowered shares of Kinsale Capital Group from a "hold" rating to an "underperform" rating and dropped their price objective for the company from $392.00 to $312.00 in a research note on Thursday, March 19th. JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $450.00 to $410.00 and set a "neutral" rating for the company in a research report on Monday, February 23rd. Finally, Cantor Fitzgerald decreased their target price on shares of Kinsale Capital Group from $422.00 to $360.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of "Hold" and a consensus target price of $430.91.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $345.25 on Friday. Kinsale Capital Group has a 12 month low of $321.97 and a 12 month high of $512.76. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.11. The stock has a market cap of $7.99 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.13 and a beta of 1.08. The business has a fifty day simple moving average of $370.80 and a 200-day simple moving average of $394.84.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $5.30 by $0.51. Kinsale Capital Group had a return on equity of 25.45% and a net margin of 26.87%.The firm had revenue of $483.27 million for the quarter, compared to analyst estimates of $467.66 million. During the same period in the previous year, the firm earned $4.62 earnings per share. On average, sell-side analysts anticipate that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group announced that its Board of Directors has authorized a share repurchase program on Thursday, December 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. World Investment Advisors boosted its position in Kinsale Capital Group by 47.9% during the fourth quarter. World Investment Advisors now owns 1,028 shares of the financial services provider's stock worth $402,000 after purchasing an additional 333 shares during the period. Montanaro Asset Management Ltd bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $1,095,000. Bayban bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $25,000. Virtu Financial LLC lifted its stake in shares of Kinsale Capital Group by 175.2% in the fourth quarter. Virtu Financial LLC now owns 3,118 shares of the financial services provider's stock worth $1,219,000 after buying an additional 1,985 shares during the last quarter. Finally, Vancity Investment Management Ltd lifted its stake in shares of Kinsale Capital Group by 11.9% in the fourth quarter. Vancity Investment Management Ltd now owns 2,423 shares of the financial services provider's stock worth $947,000 after buying an additional 258 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc NYSE: KNSL is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company's product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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