Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Consensus Rating of "Hold" from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has been given a consensus recommendation of "Hold" by the ten brokerages that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $472.00.

KNSL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. BMO Capital Markets raised 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. Truist Financial reduced their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a report on Monday, October 28th. Wolfe Research upgraded 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 report on Monday, October 28th. Finally, Morgan Stanley began coverage on shares of Kinsale Capital Group in a research note on Thursday, December 5th. They issued an "overweight" rating and a $593.00 target price for the company.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares of the company's stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now owns 7,348 shares of the company's stock, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock worth $3,618,954 over the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinsale Capital Group

A number of large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of Kinsale Capital Group by 14.3% in the third quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider's stock valued at $45,869,000 after purchasing an additional 12,125 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Kinsale Capital Group in the 3rd quarter valued at about $398,000. Sanctuary Advisors LLC raised its holdings in Kinsale Capital Group by 34.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider's stock valued at $863,000 after acquiring an additional 447 shares during the period. Arete Wealth Advisors LLC lifted its position in Kinsale Capital Group by 13.5% during the third quarter. Arete Wealth Advisors LLC now owns 1,093 shares of the financial services provider's stock worth $507,000 after acquiring an additional 130 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Kinsale Capital Group by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 1,444 shares of the financial services provider's stock worth $672,000 after acquiring an additional 74 shares during the period. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Up 0.2 %

Kinsale Capital Group stock traded up $0.86 during midday trading on Thursday, hitting $467.48. 137,019 shares of the stock were exchanged, compared to its average volume of 172,403. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $10.89 billion, a PE ratio of 26.65, a P/E/G ratio of 2.19 and a beta of 1.13. The company has a fifty day simple moving average of $475.85 and a two-hundred day simple moving average of $447.58.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $418.06 million during the quarter, compared to analysts' expectations of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm's quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.31 EPS. Equities research analysts anticipate that Kinsale Capital Group will post 15.61 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors 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 annualized dividend and a yield of 0.13%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 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.