Kinsale Capital Group (NYSE:KNSL) Price Target Cut to $475.00 by Analysts at Royal Bank of Canada

Kinsale Capital Group (NYSE:KNSL) had its price objective lowered by Royal Bank of Canada from $480.00 to $475.00 in a research report report published on Monday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research report on Monday. Jefferies Financial Group upped their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Oppenheimer began coverage on Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating for the company. Finally, Truist Financial reduced their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $455.88.

Kinsale Capital Group Price Performance

KNSL stock opened at $438.01 on Monday. The company has a market cap of $10.20 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $466.94 and a two-hundred day moving average price of $427.53. Kinsale Capital Group has a 12-month low of $325.01 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter in the previous year, the business earned $3.31 EPS. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, research analysts predict that Kinsale Capital Group will post 15.05 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s payout ratio is currently 3.99%.

Institutional Trading of Kinsale Capital Group

Several institutional investors have recently added to or reduced their stakes in KNSL. Headlands Technologies LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $25,000. ORG Wealth Partners LLC bought a new stake in Kinsale Capital Group in the third quarter valued at about $26,000. UMB Bank n.a. increased its holdings in Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after buying an additional 49 shares during the last quarter. Trust Co. of Vermont lifted its holdings in Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after buying an additional 50 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after buying an additional 42 shares during the last quarter. 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.