Jefferies Financial Group Raises Kinsale Capital Group (NYSE:KNSL) Price Target to $471.00

Kinsale Capital Group (NYSE:KNSL) had its price target lifted by Jefferies Financial Group from $444.00 to $471.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 0.42% from the stock’s current price.

KNSL has been the subject of a number of other research reports. Truist Financial raised their price objective on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. raised their target price on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada upped their price target on 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. Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Finally, Oppenheimer started coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $446.00.

Kinsale Capital Group Trading Up 1.2 %

Shares of KNSL stock traded up $5.45 during trading hours on Wednesday, hitting $469.03. 45,817 shares of the company were exchanged, compared to its average volume of 176,705. The company has a 50 day simple moving average of $467.61 and a two-hundred day simple moving average of $429.63. The firm has a market cap of $10.92 billion, a P/E ratio of 31.19, a P/E/G ratio of 2.02 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. Kinsale Capital Group has a fifty-two week low of $325.01 and a fifty-two week high of $548.47.

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, beating analysts’ consensus estimates of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. During the same quarter last year, the firm posted $2.88 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities analysts anticipate that Kinsale Capital Group will post 15.31 EPS for the current year.

Institutional Investors Weigh In On Kinsale Capital Group

A number of large investors have recently added to or reduced their stakes in KNSL. Headlands Technologies LLC bought a new stake in Kinsale Capital Group during the first quarter worth about $25,000. UMB Bank n.a. lifted its holdings in shares of Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Kinsale Capital Group by 113.6% in the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 50 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Kinsale Capital Group by 225.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after buying an additional 79 shares during the last quarter. Finally, American National Bank & Trust bought a new position in Kinsale Capital Group during the 3rd quarter valued at approximately $55,000. Institutional investors own 85.36% of the company’s stock.

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.