Kinsale Capital Group's (KNSL) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• Kinsale Capital Group has had its "buy (B-)" rating reaffirmed by Weiss Ratings, signaling investor confidence in the stock.
• JPMorgan Chase increased their price target for Kinsale Capital Group from $440.00 to $460.00, with other analysts also adjusting ratings and price targets.
• The company reported $4.78 earnings per share for the last quarter, exceeding analyst expectations and showcasing a 22.2% revenue increase year-over-year.

Kinsale Capital Group (NYSE:KNSL - Get Free Report)'s stock had its "buy (b-)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Cantor Fitzgerald raised Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. Bank of America started coverage on Kinsale Capital Group in a report on Friday, June 20th. They set a "buy" rating and a $543.00 price target on the stock. Compass Point boosted their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Morgan Stanley dropped their target price on Kinsale Capital Group from $525.00 to $500.00 and set an "overweight" rating on the stock in a report on Tuesday. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $506.89.

Kinsale Capital Group Stock Performance

KNSL opened at $478.88 on Wednesday. The business's 50 day moving average is $444.01 and its 200-day moving average is $461.01. The stock has a market cap of $11.16 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group has a twelve month low of $405.00 and a twelve month high of $531.79.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Key Financial Inc increased its holdings in shares of Kinsale Capital Group by 315.4% in the first 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 position in shares of Kinsale Capital Group in the first quarter valued at $31,000. V Square Quantitative Management LLC bought a new position in shares of Kinsale Capital Group in the second quarter valued at $31,000. NBC Securities Inc. bought a new position in shares of Kinsale Capital Group in the first quarter valued at $35,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Kinsale Capital Group in the second quarter valued at $38,000. Institutional investors 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.

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