JPMorgan Chase & Co. Lowers Kinsale Capital Group (NYSE:KNSL) Price Target to $420.00

Kinsale Capital Group (NYSE:KNSL) had its price target cut by JPMorgan Chase & Co. from $426.00 to $420.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 10.56% from the company’s current price.

Other analysts also recently issued reports about the company. Wolfe Research downgraded Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Jefferies Financial Group increased their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday. Oppenheimer started coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Royal Bank of Canada increased their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, Truist Financial increased their price objective on Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus target price of $446.00.

Kinsale Capital Group Stock Up 0.8 %

Shares of KNSL opened at $469.61 on Thursday. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.05 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. The stock has a fifty day moving average of $468.23 and a 200-day moving average of $430.16.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results 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 company had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. During the same period in the prior year, the company earned $2.88 EPS. Kinsale Capital Group’s revenue was up 30.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinsale Capital Group will post 15.31 earnings per share for the current fiscal year.

Institutional Trading of Kinsale Capital Group

A number of large investors have recently bought and sold shares of the business. Cim LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $1,934,000. Janney Montgomery Scott LLC boosted its position in shares of Kinsale Capital Group by 113.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock worth $2,148,000 after purchasing an additional 2,172 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Kinsale Capital Group by 249.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock worth $2,061,000 after purchasing an additional 3,818 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Kinsale Capital Group during the 1st quarter worth about $196,358,000. Finally, Congress Asset Management Co. MA boosted its position in shares of Kinsale Capital Group by 50.9% during the 1st quarter. Congress Asset Management Co. MA now owns 17,248 shares of the financial services provider’s stock worth $9,051,000 after purchasing an additional 5,815 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.