Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Average Rating of “Hold” from Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $468.89.

KNSL has been the subject of several research analyst reports. Morgan Stanley started coverage on Kinsale Capital Group in a research report on Thursday, December 5th. They set an “overweight” rating and a $593.00 target price for the company. 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. JPMorgan Chase & Co. dropped their target price on shares of 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. Royal Bank of Canada lowered their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Finally, BMO Capital Markets increased their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st.

Kinsale Capital Group Price Performance

KNSL stock opened at $436.86 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group has a 12 month low of $355.12 and a 12 month high of $548.47. The stock has a market cap of $10.17 billion, a PE ratio of 24.91, a P/E/G ratio of 1.52 and a beta of 1.16. The company has a 50-day moving average price of $473.52 and a 200 day moving average price of $457.24.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results 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. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter in the prior year, the firm posted $3.31 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Equities research analysts anticipate that Kinsale Capital Group will post 15.66 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed 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 0.14%. The ex-dividend date was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the business’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 sale, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,235 shares of company stock worth $3,618,954. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Kinsale Capital Group

Large investors have recently modified their holdings of the stock. ORG Wealth Partners LLC purchased a new stake in shares of Kinsale Capital Group in the third quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings in shares of Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after buying an additional 49 shares during the last quarter. Signaturefd LLC grew its position in Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 42 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 79 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of Kinsale Capital Group during the 3rd quarter worth about $55,000. Hedge funds and other institutional investors 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.