JPMorgan Chase & Co. Has Lowered Expectations for Kinsale Capital Group (NYSE:KNSL) Stock Price

Kinsale Capital Group (NYSE:KNSL - Get Free Report) had its target price dropped by JPMorgan Chase & Co. from $415.00 to $412.00 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 3.81% from the stock's current price.

A number of other research firms have also weighed in on KNSL. BMO Capital Markets upped their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a research report on Thursday, November 21st. Royal Bank of Canada cut their price target on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a report on Monday, October 28th. Truist Financial cut their target price 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. 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 for the company. Finally, Wolfe Research raised shares of 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, October 28th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $471.11.

Kinsale Capital Group Trading Down 5.7 %

Shares of NYSE KNSL traded down $25.70 during mid-day trading on Friday, reaching $428.32. 376,159 shares of the company's stock were exchanged, compared to its average volume of 265,229. The company's 50-day moving average is $475.60 and its 200-day moving average is $453.66. Kinsale Capital Group has a 52-week low of $351.30 and a 52-week high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.16 and a beta of 1.13.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter last year, the firm earned $3.31 EPS. The firm's revenue for the quarter was up 33.0% on a year-over-year basis. Analysts expect that Kinsale Capital Group will post 15.61 EPS for the current fiscal year.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was 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 in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the sale, the director now owns 447 shares of the company's stock, valued at $223,191.57. This trade represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Kinsale Capital Group

A number of institutional investors have recently bought and sold shares of the company. Central Pacific Bank Trust Division lifted its holdings in shares of Kinsale Capital Group by 8.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,119 shares of the financial services provider's stock valued at $520,000 after purchasing an additional 88 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Kinsale Capital Group in the 4th quarter valued at about $265,000. GAMMA Investing LLC boosted its stake in shares of Kinsale Capital Group by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 521 shares of the financial services provider's stock worth $242,000 after purchasing an additional 148 shares during the last quarter. Franklin Resources Inc. grew its stake in Kinsale Capital Group by 14.3% in the 3rd 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 during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Kinsale Capital Group in the third quarter valued at $398,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

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.