Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $455.88 Average Price Target from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) has earned an average rating of "Hold" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $455.88.

Several analysts have issued reports on the company. Oppenheimer initiated coverage on Kinsale Capital Group in a research note on Friday, July 12th. They issued a "market perform" rating for the company. Truist Financial decreased 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 research note on Monday. JPMorgan Chase & Co. cut their price target on Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group raised their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reduced their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a research report on Monday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KNSL. Janney Montgomery Scott LLC raised its position in Kinsale Capital Group by 113.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider's stock valued at $2,148,000 after purchasing an additional 2,172 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Kinsale Capital Group by 249.2% during the second quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider's stock worth $2,061,000 after buying an additional 3,818 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Kinsale Capital Group by 44.3% in the 1st quarter. Russell Investments Group Ltd. now owns 37,328 shares of the financial services provider's stock valued at $19,588,000 after buying an additional 11,451 shares during the period. Van ECK Associates Corp lifted its stake in Kinsale Capital Group by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 9,220 shares of the financial services provider's stock worth $4,838,000 after acquiring an additional 2,466 shares in the last quarter. Finally, Swedbank AB purchased a new position in Kinsale Capital Group during the 2nd quarter valued at about $15,430,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

NYSE:KNSL traded down $4.75 during trading hours on Wednesday, hitting $429.11. The stock had a trading volume of 154,110 shares, compared to its average volume of 177,307. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 2.03 and a beta of 1.08. Kinsale Capital Group has a one year low of $325.01 and a one year high of $548.47. The company has a 50 day simple moving average of $466.12 and a two-hundred day simple moving average of $427.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter last year, the company posted $3.31 EPS. The company's revenue for the quarter was up 33.0% on a year-over-year basis. Research analysts forecast that Kinsale Capital Group will post 15.05 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. Kinsale Capital Group's payout ratio is currently 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.