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

Kinsale Capital Group, Inc. (NYSE:KNSL) has been given an average rating of “Hold” by the ten brokerages that are covering the company, MarketBeat Ratings 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 issued ratings on the stock in the last year is $472.00.

A number of research analysts have weighed in on KNSL shares. Jefferies Financial Group lifted their price objective 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. Truist Financial reduced their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Wolfe Research raised 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. Finally, Morgan Stanley assumed coverage on shares of Kinsale Capital Group in a research note on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price target on the stock.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $466.62 on Thursday. The firm has a market capitalization of $10.87 billion, a P/E ratio of 26.60, a PEG ratio of 2.19 and a beta of 1.13. The stock has a 50-day simple moving average of $475.85 and a two-hundred day simple moving average of $447.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group has a fifty-two week low of $325.01 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. Kinsale Capital Group’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.31 earnings per share. On average, equities analysts forecast that Kinsale Capital Group will post 15.61 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Insider Buying and Selling

In related news, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the transaction, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in Kinsale Capital Group by 11.6% in the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 56 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in Kinsale Capital Group in the second quarter valued at approximately $280,000. Catalyst Capital Advisors LLC acquired a new stake in Kinsale Capital Group during the second quarter worth $838,000. Dearborn Partners LLC raised its position in Kinsale Capital Group by 92.3% in the second quarter. Dearborn Partners LLC now owns 3,835 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 1,841 shares during the period. Finally, McClarren Financial Advisors Inc. lifted its stake in shares of Kinsale Capital Group by 19,150.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 385 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 383 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

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.