Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $471.11 Average PT from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $468.89.

A number of analysts have weighed in on the company. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research report on Monday, October 28th. Morgan Stanley initiated coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price objective on the stock. Royal Bank of Canada reduced their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Truist Financial reduced their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets boosted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st.

Insider Buying and Selling

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now owns 447 shares in the company, valued at $223,191.57. This trade represents a 90.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,235 shares of company stock valued at $3,618,954. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

A number of hedge funds have recently added to or reduced their stakes in the stock. J2 Capital Management Inc bought a new position in Kinsale Capital Group during the 4th quarter worth $452,000. HB Wealth Management LLC bought a new position in Kinsale Capital Group during the 4th quarter worth $247,000. Argent Capital Management LLC bought a new position in Kinsale Capital Group during the 4th quarter worth $1,736,000. Outlook Wealth Advisors LLC bought a new position in shares of Kinsale Capital Group in the 4th quarter valued at $459,000. Finally, Park Avenue Securities LLC increased its stake in shares of Kinsale Capital Group by 19.1% in the 4th quarter. Park Avenue Securities LLC now owns 2,670 shares of the financial services provider’s stock valued at $1,242,000 after purchasing an additional 429 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL opened at $434.58 on Monday. The stock has a market cap of $10.12 billion, a PE ratio of 24.78, a P/E/G ratio of 2.16 and a beta of 1.16. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group has a 1 year low of $355.12 and a 1 year high of $548.47. The stock’s 50 day simple moving average is $474.12 and its 200-day simple moving average is $456.01.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same period in the prior year, the business posted $3.31 earnings per share. The business’s revenue was up 33.0% compared to the same quarter last year. Sell-side analysts forecast that Kinsale Capital Group will post 15.61 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s payout ratio is currently 3.42%.

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.