Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $468.89 Average Target Price from Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) have received a consensus rating of "Hold" from the ten brokerages that are covering the stock, Marketbeat 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 brokerages that have issued a report on the stock in the last year is $468.89.

Several research analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Morgan Stanley assumed coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They set an "overweight" rating and a $593.00 price target for the company. Wolfe Research upgraded shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price target for the company in a report on Monday, October 28th. BMO Capital Markets upped their price target 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. Finally, Royal Bank of Canada lowered their price target on shares of 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.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, 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 transaction of $255,000.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the sale, the director now directly owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinsale Capital Group

Several institutional investors have recently made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new position in shares of Kinsale Capital Group during the third quarter valued at about $26,000. UMB Bank n.a. raised its holdings in shares of Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 49 shares during the period. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $31,000. Finally, Larson Financial Group LLC raised its holdings in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after purchasing 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 NYSE:KNSL traded up $0.11 during trading on Friday, hitting $489.64. 91,217 shares of the company were exchanged, compared to its average volume of 199,268. The business's 50 day moving average is $462.43 and its 200-day moving average is $464.49. The company has a market capitalization of $11.40 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group has a 1-year low of $355.12 and a 1-year high of $548.47.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given 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 yield of 0.12%. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.42%.

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.