Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $510.00 Average PT from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $510.00.

A number of brokerages have commented on KNSL. Truist Financial raised their price objective on Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Royal Bank of Canada upped their price objective on Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. BMO Capital Markets downgraded Kinsale Capital Group from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $434.00 to $544.00 in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a report on Monday, February 26th.

Insider Activity at Kinsale Capital Group

In other news, CEO Michael P. Kehoe sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at $159,199,255.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares of the company’s stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

Institutional Trading of Kinsale Capital Group

A number of hedge funds have recently made changes to their positions in KNSL. Navellier & Associates Inc. acquired a new position in shares of Kinsale Capital Group in the 3rd quarter valued at about $975,000. Scout Investments Inc. raised its stake in Kinsale Capital Group by 38.0% during the third quarter. Scout Investments Inc. now owns 94,729 shares of the financial services provider’s stock worth $38,780,000 after acquiring an additional 26,084 shares in the last quarter. Sei Investments Co. raised its stake in Kinsale Capital Group by 20.6% during the second quarter. Sei Investments Co. now owns 97,757 shares of the financial services provider’s stock worth $36,581,000 after acquiring an additional 16,669 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Kinsale Capital Group by 8.2% in the third quarter. HighTower Advisors LLC now owns 2,558 shares of the financial services provider’s stock valued at $1,048,000 after buying an additional 193 shares in the last quarter. Finally, Congress Wealth Management LLC DE increased its stake in shares of Kinsale Capital Group by 59.5% in the third quarter. Congress Wealth Management LLC DE now owns 4,846 shares of the financial services provider’s stock valued at $2,007,000 after buying an additional 1,808 shares in the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.

Kinsale Capital Group Trading Up 0.8 %

Shares of KNSL opened at $519.14 on Tuesday. The firm has a 50-day moving average price of $458.44 and a 200 day moving average price of $406.14. Kinsale Capital Group has a 12-month low of $280.71 and a 12-month high of $548.47. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $12.04 billion, a P/E ratio of 39.30 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Friday, February 16th. The financial services provider reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.43. The company had revenue of $351.17 million during the quarter, compared to the consensus estimate of $367.98 million. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. Kinsale Capital Group’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.60 earnings per share. Sell-side analysts forecast that Kinsale Capital Group will post 15.21 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.15 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s dividend payout ratio is presently 4.54%.

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.