Analysts Set Kinsale Capital Group, Inc. (NYSE:KNSL) PT at $443.38

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $443.38.

Several research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their price target on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Oppenheimer started coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating for the company. Truist Financial upped their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, TD Cowen began coverage on Kinsale Capital Group in a research note on Monday, May 20th. They set a “hold” rating and a $403.00 target price for the company.

Kinsale Capital Group Stock Up 0.5 %

Shares of NYSE KNSL opened at $457.31 on Tuesday. The stock has a market cap of $10.65 billion, a PE ratio of 30.39, a P/E/G ratio of 2.01 and a beta of 1.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. Kinsale Capital Group has a 12-month low of $325.01 and a 12-month high of $548.47. The company has a 50-day moving average of $443.18 and a 200 day moving average of $438.03.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.88 earnings per share. As a group, sell-side analysts predict that Kinsale Capital Group will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s payout ratio is 3.99%.

Institutional Investors Weigh In On Kinsale Capital Group

Hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in Kinsale Capital Group in the first quarter valued at $25,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at $33,000. Trust Co. of Vermont lifted its stake in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. Quarry LP acquired a new stake in Kinsale Capital Group during the 4th quarter valued at $40,000. Finally, Principal Securities Inc. purchased a new stake in Kinsale Capital Group in the 4th quarter worth about $44,000. 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.