Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $472.00 Consensus PT from Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been given an average rating of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $472.00.

Several analysts have commented on KNSL shares. Truist Financial dropped their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada reduced their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets lifted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Finally, Morgan Stanley began coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price for the company.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,235 shares of company stock valued at $3,618,954 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of Kinsale Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of KNSL. Benjamin Edwards Inc. boosted its holdings in shares of Kinsale Capital Group by 9.9% during the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 24 shares during the period. Leibman Financial Services Inc. grew its holdings in Kinsale Capital Group by 0.5% in the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after buying an additional 24 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Kinsale Capital Group by 9.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after buying an additional 28 shares during the period. CWM LLC boosted its position in shares of Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 33 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 37 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.3 %

Shares of KNSL opened at $464.83 on Thursday. The business’s fifty day moving average price is $475.83 and its two-hundred day moving average price is $449.22. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.19 and a beta of 1.13. Kinsale Capital Group has a 52 week low of $331.69 and a 52 week high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter last year, the business earned $3.31 earnings per share. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. On average, analysts predict that Kinsale Capital Group will post 15.61 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.15 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

About Kinsale Capital Group

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.