Brokerages Set Kinsale Capital Group, Inc. (NYSE:KNSL) Price Target at $471.11

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) have received an average rating of "Hold" from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $471.11.

A number of analysts have recently issued reports on KNSL shares. BMO Capital Markets increased their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a report on Thursday, November 21st. Royal Bank of Canada dropped their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a research note on Monday, October 28th. Truist Financial reduced their target price on 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 target for the company in a report on Monday, October 28th. Finally, Jefferies Financial Group raised their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th.

Insider Buying and Selling

In related news, Director James Joseph Ritchie sold 2,295 shares of the business's stock in a transaction that occurred 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. In the last three months, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kinsale Capital Group

Several institutional investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new position in shares of Kinsale Capital Group in the 3rd quarter valued at $26,000. UMB Bank n.a. raised its position in 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 purchasing an additional 49 shares during the last quarter. Signaturefd LLC raised its position in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock worth $48,000 after acquiring an additional 42 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Kinsale Capital Group by 225.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider's stock worth $53,000 after purchasing an additional 79 shares during the period. Finally, American National Bank & Trust acquired a new position in Kinsale Capital Group in the third quarter valued at $55,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded down $3.63 during trading on Monday, reaching $412.85. The stock had a trading volume of 69,929 shares, compared to its average volume of 258,125. The stock has a market cap of $9.61 billion, a PE ratio of 23.54, a P/E/G ratio of 2.16 and a beta of 1.16. Kinsale Capital Group has a one year low of $355.12 and a one year high of $548.47. The firm's 50 day moving average price is $474.57 and its two-hundred day moving average price is $455.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to analysts' expectations of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business's revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 earnings per share. On average, research analysts forecast that Kinsale Capital Group will post 15.61 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group's payout ratio 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.