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", and MarketBeat reports an overall consensus rating of Hold (2 Buy / 8 Hold / 2 Sell) with a consensus target price of $392.00.
• Several major brokers have recently trimmed ratings and price targets—Jefferies cut KNSL to "underperform" with a $312 target, Wells Fargo moved to "equal weight" and lowered its target to $357, and others also reduced targets—weakening analyst sentiment.
• Operating fundamentals remain strong: Kinsale topped estimates with quarterly EPS of $5.11 versus $4.70 and revenue of $466.7M versus $410.3M, and the stock trades at about a 13.7 PE with a market cap near $7.2 billion.

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 note issued to investors on Sunday.

A number of other brokerages have also weighed in on KNSL. Jefferies Financial Group lowered shares of Kinsale Capital Group from a "hold" rating to an "underperform" rating and decreased their price objective for the stock from $392.00 to $312.00 in a report on Thursday, March 19th. BMO Capital Markets lowered shares of Kinsale Capital Group from a "market perform" rating to an "underperform" rating and set a $348.00 price objective for the company. in a report on Wednesday, February 25th. Wells Fargo & Company lowered shares of Kinsale Capital Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $420.00 to $357.00 in a report on Monday, April 27th. Royal Bank Of Canada decreased their price objective on shares of Kinsale Capital Group from $385.00 to $375.00 and set a "sector perform" rating for the company in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $450.00 to $410.00 and set a "neutral" rating for the company in a report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Kinsale Capital Group has an average rating of "Hold" and a consensus target price of $392.00.

Kinsale Capital Group Stock Down 3.7%

Shares of NYSE:KNSL opened at $311.61 on Friday. Kinsale Capital Group has a 52-week low of $308.61 and a 52-week high of $512.76. The firm has a market capitalization of $7.19 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.01 and a beta of 0.95. The firm has a fifty day moving average of $354.05 and a 200 day moving average of $382.07. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The company had revenue of $466.71 million during the quarter, compared to analyst estimates of $410.25 million. During the same period in the previous year, the business earned $3.71 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts anticipate that Kinsale Capital Group will post 20.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Kinsale Capital Group

A number of hedge funds have recently modified their holdings of KNSL. JPMorgan Chase & Co. grew its position in shares of Kinsale Capital Group by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 450,044 shares of the financial services provider's stock valued at $191,386,000 after acquiring an additional 25,428 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Kinsale Capital Group by 17.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 22,501 shares of the financial services provider's stock valued at $9,569,000 after acquiring an additional 3,305 shares during the period. Leibman Financial Services Inc. grew its position in shares of Kinsale Capital Group by 109.9% during the 4th quarter. Leibman Financial Services Inc. now owns 9,438 shares of the financial services provider's stock valued at $3,691,000 after acquiring an additional 4,942 shares during the period. SG Americas Securities LLC grew its position in shares of Kinsale Capital Group by 492.8% during the 3rd quarter. SG Americas Securities LLC now owns 14,404 shares of the financial services provider's stock valued at $6,125,000 after acquiring an additional 11,974 shares during the period. Finally, Aquatic Capital Management LLC bought a new stake in shares of Kinsale Capital Group during the 3rd quarter valued at $6,546,000. Institutional investors own 85.36% of the company's stock.

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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