Kinsale Capital Group (NYSE:KNSL) Price Target Lowered to $475.00 at Royal Bank of Canada

Kinsale Capital Group (NYSE:KNSL - Free Report) had its price objective decreased by Royal Bank of Canada from $480.00 to $475.00 in a report released on Monday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider's stock.

KNSL has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Wolfe Research raised shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 target price for the company in a report on Monday. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They set a "market perform" rating for the company. Jefferies Financial Group lifted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Truist Financial dropped their price objective 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. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and an average price target of $455.88.

Kinsale Capital Group Stock Up 0.9 %

Kinsale Capital Group stock traded up $4.12 during mid-day trading on Monday, reaching $438.27. The company's stock had a trading volume of 297,222 shares, compared to its average volume of 177,393. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. Kinsale Capital Group has a 12 month low of $325.01 and a 12 month high of $548.47. The business's 50 day simple moving average is $467.94 and its 200 day simple moving average is $427.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business 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 firm earned $3.31 earnings per share. The firm's revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, research analysts anticipate that Kinsale Capital Group 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. Investors of record on Thursday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.77%.

Institutional Investors Weigh In On Kinsale Capital Group

A number of institutional investors have recently added to or reduced their stakes in KNSL. Headlands Technologies LLC bought a new stake in Kinsale Capital Group during the 1st quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at $26,000. UMB Bank n.a. boosted its stake in shares of Kinsale Capital Group by 408.3% in 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 last quarter. Trust Co. of Vermont boosted its stake in shares of 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 valued at $36,000 after purchasing an additional 50 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Kinsale Capital Group by 68.9% in 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. 85.36% of the stock is owned by institutional investors.

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.