Kinsale Capital Group (NYSE:KNSL) Price Target Lowered to $500.00 at Truist Financial

Kinsale Capital Group (NYSE:KNSL - Get Free Report) had its price objective lowered by Truist Financial from $525.00 to $500.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. Truist Financial's price target points to a potential upside of 16.84% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price target on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research report on Monday. Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $470.00.

Kinsale Capital Group Stock Performance

NYSE:KNSL traded down $7.33 on Monday, hitting $427.94. The company's stock had a trading volume of 165,706 shares, compared to its average volume of 172,214. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $460.09 and a two-hundred day moving average of $462.30. The firm has a market capitalization of $9.96 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Kinsale Capital Group has a one year low of $366.92 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 earnings per share. Research analysts predict that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Institutional Trading of Kinsale Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of KNSL. Barclays PLC lifted its stake in Kinsale Capital Group by 34.4% in the 3rd quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock worth $5,480,000 after purchasing an additional 3,014 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Kinsale Capital Group in the 3rd quarter worth approximately $398,000. Franklin Resources Inc. lifted its stake in Kinsale Capital Group by 14.3% in the 3rd quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider's stock worth $45,869,000 after purchasing an additional 12,125 shares in the last quarter. GAMMA Investing LLC lifted its stake in Kinsale Capital Group by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 521 shares of the financial services provider's stock worth $242,000 after purchasing an additional 148 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Kinsale Capital Group in the 4th quarter worth approximately $265,000. 85.36% of the stock is currently owned by hedge funds and other 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.