Kinsale Capital Group (NYSE:KNSL) Receives "Market Perform" Rating from JMP Securities

Kinsale Capital Group (NYSE:KNSL - Get Free Report)'s stock had its "market perform" rating reaffirmed by stock analysts at JMP Securities in a note issued to investors on Friday,Benzinga reports.

A number of other research analysts also recently issued reports on KNSL. 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 research note on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on shares of 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. Royal Bank of Canada dropped their target price on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a report on Monday, October 28th. BMO Capital Markets lifted their price target on 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, Morgan Stanley dropped their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $468.56.

Kinsale Capital Group Stock Down 1.7 %

Shares of NYSE KNSL traded down $7.84 during mid-day trading on Friday, hitting $441.50. The company had a trading volume of 309,542 shares, compared to its average volume of 224,905. The company has a market capitalization of $10.28 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The business's 50-day simple moving average is $458.10 and its 200 day simple moving average is $465.89. Kinsale Capital Group has a 1-year low of $355.12 and a 1-year high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly 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. The company had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. On average, analysts predict that Kinsale Capital Group will post 15.67 earnings per share for the current year.

Insider Buying and Selling at Kinsale Capital Group

In related news, Director James Joseph Ritchie sold 2,295 shares of the business's 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 in the company, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the company's stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. CWM LLC raised its position in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider's stock worth $189,000 after buying an additional 33 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Kinsale Capital Group by 32.2% during the third quarter. Exchange Traded Concepts LLC now owns 1,580 shares of the financial services provider's stock worth $736,000 after purchasing an additional 385 shares in the last quarter. Trust Point Inc. raised its holdings in Kinsale Capital Group by 5.5% during the third quarter. Trust Point Inc. now owns 3,053 shares of the financial services provider's stock worth $1,421,000 after purchasing an additional 160 shares in the last quarter. Blue Trust Inc. lifted its position in Kinsale Capital Group by 309.1% in the third quarter. Blue Trust Inc. now owns 180 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 136 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Kinsale Capital Group by 75.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider's stock valued at $62,375,000 after purchasing an additional 57,460 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.