Kinsale Capital Group, Inc. (NYSE:KNSL) Given Consensus Rating of “Hold” by Brokerages

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $468.56.

A number of research analysts have commented on the stock. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Truist Financial increased their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, 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 research report on Thursday, November 21st.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $449.05 on Tuesday. The company’s fifty day moving average price is $443.66 and its two-hundred day moving average price is $462.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $10.45 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.66 and a beta of 1.25. Kinsale Capital Group has a 12 month low of $355.12 and a 12 month high of $536.84.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. On average, research analysts anticipate that Kinsale Capital Group will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is currently 3.82%.

Insiders Place Their Bets

In other news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KNSL. Cim LLC raised its stake in Kinsale Capital Group by 1.6% during the 4th quarter. Cim LLC now owns 3,414 shares of the financial services provider’s stock valued at $1,588,000 after acquiring an additional 55 shares in the last quarter. Capital A Wealth Management LLC bought a new position in shares of Kinsale Capital Group in the fourth quarter worth $123,000. Ascent Group LLC increased its holdings in shares of Kinsale Capital Group by 7.0% during the fourth quarter. Ascent Group LLC now owns 8,118 shares of the financial services provider’s stock valued at $3,776,000 after purchasing an additional 533 shares during the period. Novem Group bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at about $778,000. Finally, Ashford Capital Management Inc. lifted its holdings in Kinsale Capital Group by 0.3% in the fourth quarter. Ashford Capital Management Inc. now owns 40,995 shares of the financial services provider’s stock worth $19,068,000 after purchasing an additional 130 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

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.