Analysts Set Kinsale Capital Group, Inc. (NYSE:KNSL) Target Price at $434.00

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been given a consensus rating of “Hold” by the eight research firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $434.00.

A number of research firms have recently commented on KNSL. Compass Point cut their price objective on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. TD Cowen initiated coverage on Kinsale Capital Group in a report on Monday, May 20th. They set a “hold” rating and a $403.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $425.00 target price (down from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. BMO Capital Markets dropped their target price on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a report on Tuesday, April 30th. Finally, Truist Financial dropped their target price on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, April 29th.

Insiders Place Their Bets

In other news, COO Brian D. Haney sold 3,778 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the completion of the transaction, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KNSL. Cim LLC acquired a new position in Kinsale Capital Group during the 4th quarter worth $1,934,000. Axiom Investors LLC DE boosted its position in Kinsale Capital Group by 116.3% during the 4th quarter. Axiom Investors LLC DE now owns 44,135 shares of the financial services provider’s stock worth $14,781,000 after acquiring an additional 23,728 shares during the period. Carnegie Capital Asset Management LLC acquired a new position in Kinsale Capital Group during the 4th quarter worth $8,002,000. The Manufacturers Life Insurance Company boosted its position in Kinsale Capital Group by 129.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 44,232 shares of the financial services provider’s stock worth $14,814,000 after acquiring an additional 24,992 shares during the period. Finally, Trexquant Investment LP boosted its position in Kinsale Capital Group by 51.5% during the 4th quarter. Trexquant Investment LP now owns 8,899 shares of the financial services provider’s stock worth $2,980,000 after acquiring an additional 3,026 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.3 %

Shares of NYSE:KNSL opened at $385.28 on Thursday. The stock’s 50-day moving average price is $390.44 and its two-hundred day moving average price is $419.89. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 25.60 and a beta of 1.07. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group has a 12-month low of $325.01 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. The company had revenue of $372.79 million for the quarter, compared to the consensus estimate of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The company’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period last year, the business posted $2.44 EPS. On average, research analysts forecast that Kinsale Capital Group will post 14.94 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Friday, May 31st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 31st. This represents a $0.60 annualized dividend and a yield of 0.16%. Kinsale Capital Group’s dividend payout ratio is presently 3.99%.

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.