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

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $472.00.

A number of research firms have recently weighed in on KNSL. Jefferies Financial Group increased their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Truist Financial reduced their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research note on Monday, October 28th.

Insider Buying and Selling at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now owns 447 shares in the company, valued at approximately $223,191.57. This represents a 90.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,235 shares of company stock worth $3,618,954. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Kinsale Capital Group

Several large investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in Kinsale Capital Group by 14.3% during the third quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider’s stock worth $45,869,000 after acquiring an additional 12,125 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Kinsale Capital Group in the 3rd quarter valued at about $398,000. Sanctuary Advisors LLC grew its holdings in Kinsale Capital Group by 34.8% during the third quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 447 shares during the period. Arete Wealth Advisors LLC increased its position in Kinsale Capital Group by 13.5% during the third quarter. Arete Wealth Advisors LLC now owns 1,093 shares of the financial services provider’s stock worth $507,000 after buying an additional 130 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in Kinsale Capital Group by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 1,444 shares of the financial services provider’s stock valued at $672,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $470.95 on Thursday. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.19 and a beta of 1.13. Kinsale Capital Group has a 12 month low of $331.69 and a 12 month high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $475.78 and a 200 day moving average price of $450.34.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same period in the previous year, the firm posted $3.31 earnings per share. Kinsale Capital Group’s revenue for the quarter was up 33.0% compared to the same quarter last year. Research analysts expect that Kinsale Capital Group will post 15.61 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. Kinsale Capital Group’s payout ratio is presently 3.42%.

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.