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

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has received an average recommendation of "Hold" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $438.71.

Several brokerages recently weighed in on KNSL. JPMorgan Chase & Co. raised their target price on Kinsale Capital Group from $400.00 to $420.00 and gave the company a "neutral" rating in a research note on Thursday, July 11th. Royal Bank of Canada raised their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a "sector perform" rating in a research report on Monday, July 29th. Truist Financial boosted their target price on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Wolfe Research lowered shares of Kinsale Capital Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, September 16th. Finally, Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a "market perform" rating on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Benjamin Edwards Inc. grew its position in Kinsale Capital Group by 9.9% during the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 24 shares in the last quarter. Rise Advisors LLC lifted its stake in shares of Kinsale Capital Group by 17.5% in the 1st quarter. Rise Advisors LLC now owns 181 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 27 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Kinsale Capital Group by 9.2% in the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider's stock worth $128,000 after purchasing an additional 28 shares in the last quarter. Personal CFO Solutions LLC increased its position in Kinsale Capital Group by 3.7% during the fourth quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider's stock worth $330,000 after buying an additional 35 shares during the last quarter. Finally, Hancock Whitney Corp raised its holdings in Kinsale Capital Group by 3.1% during the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider's stock valued at $653,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded up $9.25 on Friday, hitting $486.93. The company had a trading volume of 104,349 shares, compared to its average volume of 176,977. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $11.33 billion, a PE ratio of 32.35, a PEG ratio of 2.02 and a beta of 1.08. The business has a 50-day simple moving average of $467.33 and a 200-day simple moving average of $431.11.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. During the same period last year, the company posted $2.88 EPS. The firm's quarterly revenue was up 30.0% on a year-over-year basis. Research analysts expect that Kinsale Capital Group will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.99%.

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.