Kinsale Capital Group (NYSE:KNSL) Stock Rating Lowered by Wolfe Research

Kinsale Capital Group (NYSE:KNSL) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued to clients and investors on Monday, Marketbeat reports.

KNSL has been the topic of a number of other reports. TD Cowen assumed coverage on Kinsale Capital Group in a research report on Monday, May 20th. They set a “hold” rating and a $403.00 price target on the stock. Truist Financial increased their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Oppenheimer assumed coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Finally, Royal Bank of Canada increased their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $443.38.

Kinsale Capital Group Stock Up 0.4 %

Shares of Kinsale Capital Group stock opened at $455.25 on Monday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The business’s 50 day simple moving average is $447.89 and its 200-day simple moving average is $435.76. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 1.98 and a beta of 1.08. Kinsale Capital Group has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. The business had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 EPS. Equities research analysts forecast that Kinsale Capital Group will post 15.31 earnings per share for the current year.

Hedge Funds Weigh In On Kinsale Capital Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth $44,000. Avantax Advisory Services Inc. boosted its stake in shares of Kinsale Capital Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 957 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 41 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Kinsale Capital Group by 23.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,922 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 368 shares in the last quarter. Securian Asset Management Inc. boosted its stake in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Securian Asset Management Inc. now owns 1,920 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 100 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth $126,000. 85.36% of the stock is owned by 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.