Kinsale Capital Group (NYSE:KNSL) Price Target Cut to $390.00 by Analysts at Compass Point

Kinsale Capital Group (NYSE:KNSL - Free Report) had its price target trimmed by Compass Point from $490.00 to $390.00 in a report published on Monday, Benzinga reports. The firm currently has a neutral rating on the financial services provider's stock.

KNSL has been the subject of several other research reports. BMO Capital Markets cut Kinsale Capital Group from an outperform rating to a market perform rating and upped their price target for the company from $434.00 to $544.00 in a report on Wednesday, February 28th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday. JPMorgan Chase & Co. upped their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the company a neutral rating in a report on Monday, February 26th. Finally, Truist Financial cut their price target on Kinsale Capital Group from $600.00 to $440.00 and set a buy rating for the company in a report on Monday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of Hold and an average target price of $451.43.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded down $16.64 during trading hours on Monday, hitting $358.00. 823,956 shares of the company's stock were exchanged, compared to its average volume of 197,702. Kinsale Capital Group has a 1-year low of $297.33 and a 1-year high of $548.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 24.04 and a beta of 0.89. The company's 50-day moving average price is $491.62 and its 200-day moving average price is $415.56.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million during the quarter, compared to analysts' expectations of $366.45 million. During the same quarter in the previous year, the firm earned $2.44 EPS. The firm's revenue was up 41.7% compared to the same quarter last year. On average, sell-side analysts expect that Kinsale Capital Group will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a $0.15 dividend. The ex-dividend date was Monday, February 26th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.17%. Kinsale Capital Group's dividend payout ratio is presently 3.99%.

Insider Transactions at Kinsale Capital Group

In other news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now directly owns 303,972 shares of the company's stock, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the sale, the director now directly owns 887 shares in the company, valued at approximately $464,867.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the sale, the chief executive officer now owns 303,972 shares in the company, valued at $159,199,255.56. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kinsale Capital Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Kinsale Capital Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider's stock worth $700,127,000 after acquiring an additional 30,729 shares during the last quarter. Invesco Ltd. boosted its position in Kinsale Capital Group by 15.4% in the 3rd quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider's stock valued at $287,435,000 after buying an additional 92,496 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Kinsale Capital Group in the 1st quarter valued at $196,358,000. DAVENPORT & Co LLC boosted its position in Kinsale Capital Group by 154.5% in the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider's stock valued at $109,362,000 after buying an additional 198,129 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its position in Kinsale Capital Group by 25.4% in the 1st quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider's stock valued at $163,543,000 after buying an additional 63,141 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Company Profile

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.