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

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has received an average rating of "Hold" from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $468.56.

Several research firms have recently weighed in on KNSL. JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Truist Financial lifted their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley dropped their price target 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. Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th.

Kinsale Capital Group Trading Down 0.5 %

Shares of KNSL stock traded down $2.46 on Friday, reaching $484.26. 76,188 shares of the company's stock were exchanged, compared to its average volume of 174,734. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company's fifty day simple moving average is $453.37 and its 200 day simple moving average is $461.21. Kinsale Capital Group has a 52 week low of $355.12 and a 52 week high of $531.79. The stock has a market capitalization of $11.27 billion, a PE ratio of 27.21, a P/E/G ratio of 1.66 and a beta of 1.25.

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Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. As a group, analysts forecast that Kinsale Capital Group will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

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

Institutional Investors Weigh In On Kinsale Capital Group

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in Kinsale Capital Group by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider's stock valued at $69,126,000 after purchasing an additional 3,469 shares during the last quarter. Citigroup Inc. boosted its position in Kinsale Capital Group by 1.2% in the third quarter. Citigroup Inc. now owns 12,402 shares of the financial services provider's stock valued at $5,774,000 after buying an additional 148 shares during the last quarter. Bank of Montreal Can increased its holdings in Kinsale Capital Group by 54.4% in the 3rd quarter. Bank of Montreal Can now owns 19,511 shares of the financial services provider's stock worth $9,002,000 after buying an additional 6,876 shares during the period. BNP Paribas Financial Markets raised its position in Kinsale Capital Group by 4.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,403 shares of the financial services provider's stock worth $8,102,000 after buying an additional 689 shares during the last quarter. Finally, Townsquare Capital LLC lifted its stake in Kinsale Capital Group by 33.4% during the 3rd quarter. Townsquare Capital LLC now owns 6,317 shares of the financial services provider's stock valued at $2,941,000 after acquiring an additional 1,582 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

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.