Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have received a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $455.88.

Several equities analysts have weighed in 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 report on Monday, October 28th. Jefferies Financial Group raised their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating for the company. Royal Bank of Canada lowered their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target 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.

Institutional Investors Weigh In On Kinsale Capital Group

Institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. raised its holdings in Kinsale Capital Group by 1.9% in the third quarter. Oppenheimer & Co. Inc. now owns 7,203 shares of the financial services provider’s stock valued at $3,354,000 after acquiring an additional 135 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Kinsale Capital Group by 6.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 19,423 shares of the financial services provider’s stock worth $9,043,000 after buying an additional 1,246 shares during the period. Geneva Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 1.3% in the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after buying an additional 5,207 shares during the period. Aigen Investment Management LP acquired a new position in shares of Kinsale Capital Group in the third quarter worth about $260,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Kinsale Capital Group in the third quarter worth about $1,136,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Up 1.1 %

Shares of NYSE KNSL opened at $428.88 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The firm has a 50-day moving average price of $460.44 and a 200 day moving average price of $426.58. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm had revenue of $418.06 million during 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 business’s revenue for the quarter was up 33.0% compared to the same quarter last year. Equities research analysts anticipate that Kinsale Capital Group will post 15.48 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio is currently 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.