Kinsale Capital Group, Inc. (NYSE:KNSL) Given Average Recommendation of "Hold" by Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has earned an average rating of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $468.56.

A number of research firms recently issued reports on KNSL. Truist Financial boosted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Morgan Stanley cut their target price on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th.

Kinsale Capital Group Trading Up 3.8 %

Shares of Kinsale Capital Group stock opened at $489.10 on Wednesday. Kinsale Capital Group has a fifty-two week low of $355.12 and a fifty-two week high of $531.79. The business's fifty day moving average is $459.00 and its two-hundred day moving average is $462.82. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market cap of $11.38 billion, a PE ratio of 27.49, a P/E/G ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Analysts anticipate that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a dividend of $0.17 per share. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.82%.

Institutional Trading of Kinsale Capital Group

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Kinsale Capital Group by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock valued at $983,137,000 after purchasing an additional 29,553 shares during the period. Geode Capital Management LLC boosted its position in Kinsale Capital Group by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock valued at $254,441,000 after buying an additional 16,246 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock valued at $238,193,000 after acquiring an additional 44,931 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Kinsale Capital Group by 6.0% during the fourth quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock worth $153,305,000 after acquiring an additional 18,661 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Kinsale Capital Group by 59,220.7% in the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after acquiring an additional 308,540 shares in 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.

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