Shares of Kinsale Capital Group Inc (NASDAQ:KNSL) have been given a consensus rating of "Buy" by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $159.60.
A number of research firms recently issued reports on KNSL. Compass Point began coverage on Kinsale Capital Group in a research report on Thursday, September 17th. They set a "neutral" rating and a $202.00 price objective for the company. Zacks Investment Research lowered Kinsale Capital Group from a "strong-buy" rating to a "hold" rating and set a $179.00 price objective for the company. in a research report on Wednesday, July 1st. SunTrust Banks boosted their price objective on Kinsale Capital Group from $140.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. William Blair upgraded Kinsale Capital Group from a "market perform" rating to an "outperform" rating in a research report on Wednesday, June 10th. Finally, BidaskClub lowered Kinsale Capital Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th.
In other news, CEO Michael P. Kehoe sold 2,500 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $200.44, for a total value of $501,100.00. Following the completion of the sale, the chief executive officer now owns 343,699 shares in the company, valued at $68,891,027.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael P. Kehoe sold 5,000 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $198.68, for a total value of $993,400.00. Following the completion of the sale, the chief executive officer now owns 349,399 shares of the company's stock, valued at approximately $69,418,593.32. The disclosure for this sale can be found here. Insiders have sold a total of 11,500 shares of company stock valued at $2,295,900 in the last quarter. 7.30% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Kinsale Capital Group by 3.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,839 shares of the financial services provider's stock worth $285,000 after buying an additional 59 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Kinsale Capital Group by 3.4% in the 2nd quarter. Glenmede Trust Co. NA now owns 2,943 shares of the financial services provider's stock worth $456,000 after buying an additional 96 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Kinsale Capital Group by 11.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 1,008 shares of the financial services provider's stock worth $156,000 after buying an additional 103 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Kinsale Capital Group in the 2nd quarter worth approximately $42,000. Finally, Aigen Investment Management LP raised its holdings in shares of Kinsale Capital Group by 24.7% in the 1st quarter. Aigen Investment Management LP now owns 1,466 shares of the financial services provider's stock worth $153,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company's stock.
KNSL stock opened at $179.79 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.07. Kinsale Capital Group has a 52-week low of $80.93 and a 52-week high of $212.22. The stock's 50 day moving average is $197.09 and its two-hundred day moving average is $150.24. The company has a market capitalization of $4.01 billion, a PE ratio of 61.57 and a beta of 0.67.
Kinsale Capital Group (NASDAQ:KNSL) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.84 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.70 by $0.14. Kinsale Capital Group had a return on equity of 15.32% and a net margin of 17.92%. The business had revenue of $117.71 million during the quarter, compared to the consensus estimate of $102.31 million. As a group, sell-side analysts anticipate that Kinsale Capital Group will post 3.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, August 31st were given a dividend of $0.09 per share. The ex-dividend date was Friday, August 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.20%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 14.94%.
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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