Kinsale Capital Group (NYSE:KNSL) Price Target Raised to $530.00

Kinsale Capital Group (NYSE:KNSL) had its price objective raised by stock analysts at Truist Financial from $485.00 to $530.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price suggests a potential upside of 15.32% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating for the company. Royal Bank of Canada raised their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $438.71.

Kinsale Capital Group Stock Up 2.2 %

Shares of NYSE KNSL traded up $9.77 during midday trading on Friday, hitting $459.61. 15,440 shares of the company’s stock were exchanged, compared to its average volume of 176,686. The firm’s fifty day simple moving average is $455.48 and its 200-day simple moving average is $433.13. The company has a market cap of $10.70 billion, a PE ratio of 30.30, a P/E/G ratio of 2.02 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. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data 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. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. During the same quarter last year, the company earned $2.88 earnings per share. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. Research analysts predict that Kinsale Capital Group will post 15.31 EPS for the current fiscal year.

Institutional Trading of Kinsale Capital Group

Several hedge funds have recently made changes to their positions in KNSL. Janney Montgomery Scott LLC lifted its holdings in shares of Kinsale Capital Group by 23.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,922 shares of the financial services provider’s stock valued at $644,000 after buying an additional 368 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Kinsale Capital Group by 4.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 9,990 shares of the financial services provider’s stock worth $3,346,000 after purchasing an additional 400 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth $231,000. Brown Brothers Harriman & Co. acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth $33,000. Finally, KBC Group NV purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $148,000. Institutional investors and hedge funds 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.