Analysts Set Kinsale Capital Group, Inc. (NYSE:KNSL) Price Target at $468.56

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have earned a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $468.56.

Several equities analysts have commented on KNSL shares. BMO Capital Markets increased their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Truist Financial raised their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th.

Kinsale Capital Group Trading Up 2.4 %

Shares of KNSL stock opened at $445.94 on Tuesday. Kinsale Capital Group has a 12 month low of $355.12 and a 12 month high of $536.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $443.99 and its two-hundred day moving average is $462.49. The company has a market cap of $10.38 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Equities analysts predict that Kinsale Capital Group will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.17 dividend. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.82%.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at $25,000. Bank of Jackson Hole Trust bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at $31,000. Larson Financial Group LLC lifted its holdings in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 74 shares during the period. Allworth Financial LP lifted its holdings in shares of Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at $46,000. 85.36% of the stock is 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.