Kinsale Capital Group (KNSL) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kinsale Capital Group in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KNSL shares.
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6 equities research analysts have issued 12 month target prices for Kinsale Capital Group's stock. Their KNSL share price forecasts range from $340.00 to $521.00. On average, they anticipate the company's stock price to reach $420.29 in the next year. This suggests that the stock has a possible downside of 0.1%.
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Kinsale Capital Group's stock was trading at $261.52 at the beginning of 2023. Since then, KNSL shares have increased by 60.9% and is now trading at $420.86.
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Kinsale Capital Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 645,000 shares, an increase of 13.9% from the August 15th total of 566,200 shares. Based on an average daily volume of 164,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.9% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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Kinsale Capital Group, Inc. (NYSE:KNSL) announced its quarterly earnings results on Thursday, July, 27th. The financial services provider reported $2.88 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.40. The financial services provider earned $295.77 million during the quarter, compared to analyst estimates of $282.01 million. Kinsale Capital Group had a net margin of 22.60% and a trailing twelve-month return on equity of 29.11%. During the same period in the prior year, the firm earned $1.92 EPS.

Kinsale Capital Group declared a quarterly dividend on Wednesday, August 16th. Stockholders of record on Tuesday, August 29th will be paid a dividend of $0.14 per share on Tuesday, September 12th. This represents a $0.56 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Monday, August 28th.
Read our dividend analysis for KNSL.

ETFs with the largest weight of Kinsale Capital Group (NYSE:KNSL) stock in their portfolio include Inspire Faithward Mid Cap Momentum ETF (GLRY), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), SPDR S&P Insurance ETF (KIE), Thrivent Small-Mid Cap ESG ETF (TSME), Corbett Road Tactical Opportunity ETF (OPPX), First Trust Financial AlphaDEX Fund (FXO) and Invesco S&P MidCap Momentum ETF (XMMO).

Kinsale Capital Group (NYSE:KNSL) pays an annual dividend of $0.56 per share and currently has a dividend yield of 0.13%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 5.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KNSL will have a dividend payout ratio of 3.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KNSL.

(KNSL) raised $90 million in an IPO on Thursday, July 28th 2016. The company issued 6,000,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan, William Blair and RBC Capital Markets acted as the underwriters for the IPO and SunTrust Robinson Humphrey, Dowling & Partners Securities and Moelis & Company were co-managers.

Kinsale Capital Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "KNSL."

Kinsale Capital Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.26%), Thrivent Financial for Lutherans (4.02%), State Street Corp (2.68%), Geneva Capital Management LLC (2.24%), JPMorgan Chase & Co. (1.74%) and Geode Capital Management LLC (1.59%). Insiders that own company stock include Anne C Kronenberg, Brian D Haney, Bryan P Petrucelli, Diane D Schnupp, Gregory M Share, James Joseph Ritchie, Michael P Kehoe, Michael P Kehoe, Robert Lippincott III, Robert V Hatcher III and Steven J Bensinger.
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Shares of KNSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KNSL stock can currently be purchased for approximately $420.86.

Kinsale Capital Group (NYSE:KNSL) has a market capitalization of $9.75 billion and generates $819.20 million in revenue each year. The financial services provider earns $159.11 million in net income (profit) each year or $9.85 on an earnings per share basis.

The company employs 457 workers across the globe.

Kinsale Capital Group's mailing address is 2221 EDWARD HOLLAND DRIVE SUITE 600, RICHMOND VA, 23230. The official website for the company is www.kinsaleins.com. The financial services provider can be reached via phone at (804) 289-1272, via email at bryan.petrucelli@kinsalecapitalgroup.com, or via fax at 804-673-5697.