Kinsale Capital Group (NYSE:KNSL) Receives Sector Perform Rating from Royal Bank of Canada

Kinsale Capital Group (NYSE:KNSL - Get Free Report)'s stock had its "sector perform" rating reiterated by analysts at Royal Bank of Canada in a research note issued on Monday, MarketBeat reports. They currently have a $425.00 price target on the financial services provider's stock, down from their prior price target of $555.00. Royal Bank of Canada's price objective would suggest a potential upside of 18.72% from the company's current price.

A number of other research firms also recently weighed in on KNSL. Truist Financial lifted their target price on Kinsale Capital Group from $450.00 to $600.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. BMO Capital Markets downgraded Kinsale Capital Group from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of "Hold" and an average target price of $451.43.

Kinsale Capital Group Stock Down 4.4 %

Shares of NYSE:KNSL traded down $16.64 during midday trading on Monday, hitting $358.00. The stock had a trading volume of 823,956 shares, compared to its average volume of 197,702. Kinsale Capital Group has a 12 month low of $297.33 and a 12 month high of $548.47. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16. The business's 50-day simple moving average is $491.62 and its 200-day simple moving average is $415.56. The company has a market cap of $8.30 billion, a P/E ratio of 24.04 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $366.45 million. During the same quarter last year, the firm posted $2.44 EPS. The company's quarterly revenue was up 41.7% on a year-over-year basis. On average, sell-side analysts forecast that Kinsale Capital Group will post 15.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael P. Kehoe sold 4,000 shares of the company's 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 owns 303,972 shares of the company's stock, valued at $159,199,255.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael P. Kehoe sold 4,000 shares of the company's 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 owns 303,972 shares of the company's stock, valued at $159,199,255.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 of the company's stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On Kinsale Capital Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Carnegie Capital Asset Management LLC bought a new position in shares of Kinsale Capital Group in the 4th quarter worth $8,002,000. Navellier & Associates Inc. purchased a new stake in Kinsale Capital Group in the 3rd quarter valued at $975,000. Scout Investments Inc. raised its position in Kinsale Capital Group by 38.0% in the 3rd quarter. Scout Investments Inc. now owns 94,729 shares of the financial services provider's stock valued at $38,780,000 after buying an additional 26,084 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Kinsale Capital Group by 116.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 12,381 shares of the financial services provider's stock valued at $5,127,000 after buying an additional 6,651 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its position in shares of Kinsale Capital Group by 83.5% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 29,730 shares of the financial services provider's stock valued at $9,957,000 after purchasing an additional 13,530 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

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.