Kinsale Capital Group (NYSE:KNSL) Shares Gap Down - Time to Sell?

Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $458.42, but opened at $444.66. Kinsale Capital Group shares last traded at $431.82, with a volume of 83,279 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on KNSL. Oppenheimer began coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a "market perform" rating for the company. Truist Financial raised their price target on Kinsale Capital Group from $485.00 to $530.00 and gave the company a "buy" rating in a report on Friday, September 27th. 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 report on Thursday, October 10th. Wolfe Research downgraded Kinsale Capital Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group increased their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $446.00.

Kinsale Capital Group Stock Performance

The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.03 and a beta of 1.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The firm's fifty day moving average price is $468.92 and its 200-day moving average price is $428.10.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.70 by $0.50. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same quarter last year, the firm posted $3.31 earnings per share. The business's quarterly revenue was up 33.0% on a year-over-year basis. Analysts expect that Kinsale Capital Group, Inc. will post 15.05 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is 3.77%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in shares of Kinsale Capital Group in the first quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in shares of Kinsale Capital Group in the third quarter worth $26,000. UMB Bank n.a. increased 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 valued at $28,000 after purchasing an additional 49 shares during the period. Trust Co. of Vermont boosted its stake in Kinsale Capital Group by 113.6% in the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider's stock worth $36,000 after purchasing an additional 50 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

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.