Kinsale Capital Group (NYSE:KNSL) Price Target Cut to $500.00 by Analysts at Truist Financial

Kinsale Capital Group (NYSE:KNSL) had its price objective decreased by analysts at Truist Financial from $530.00 to $500.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target would suggest a potential upside of 15.17% from the company’s current price.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced 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 research report on Thursday, October 10th. Oppenheimer started coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating for the company. Jefferies Financial Group raised their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Finally, Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $453.38.

Kinsale Capital Group Price Performance

KNSL stock opened at $434.15 on Monday. Kinsale Capital Group has a 1 year low of $325.01 and a 1 year high of $548.47. The stock has a market capitalization of $10.11 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The company’s 50-day moving average is $467.94 and its 200-day moving average is $427.77. 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 announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.31 earnings per share. Equities research analysts expect that Kinsale Capital Group will post 15.05 EPS for the current fiscal year.

Institutional Trading of Kinsale Capital Group

Institutional investors have recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC lifted its stake in Kinsale Capital Group by 20.0% in the 3rd quarter. Diversify Wealth Management LLC now owns 702 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 117 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Kinsale Capital Group by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 2,551 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 170 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Kinsale Capital Group by 7.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,038 shares of the financial services provider’s stock worth $949,000 after buying an additional 136 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of Kinsale Capital Group in the third quarter worth $250,000. Finally, International Assets Investment Management LLC boosted its stake in Kinsale Capital Group by 76,986.9% during the third quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after buying an additional 46,962 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

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.