Kinsale Capital Group (NYSE:KNSL) Raised to Outperform at Wolfe Research

Kinsale Capital Group (NYSE:KNSL - Get Free Report) was upgraded by Wolfe Research from a "peer perform" rating to an "outperform" rating in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $535.00 price objective on the financial services provider's stock. Wolfe Research's target price suggests a potential upside of 22.14% from the company's current price.

KNSL has been the topic of a number of other research reports. Oppenheimer began coverage on Kinsale Capital Group in a report on Friday, July 12th. They set a "market perform" rating on the stock. Royal Bank of Canada lifted their price target on 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 increased their price objective on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a "buy" rating in a report on Friday, September 27th. JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $455.88.

Kinsale Capital Group Trading Up 0.9 %

NYSE:KNSL traded up $3.86 during trading hours on Monday, reaching $438.01. The company's stock had a trading volume of 297,323 shares, compared to its average volume of 177,394. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.03 and a beta of 1.08. The firm has a 50-day simple moving average of $467.94 and a 200-day simple moving average of $427.63. Kinsale Capital Group has a 1 year low of $325.01 and a 1 year high of $548.47.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Jackson Square Partners LLC purchased a new position in Kinsale Capital Group in the first quarter worth about $48,035,000. Champlain Investment Partners LLC lifted its stake in shares of Kinsale Capital Group by 58.9% in the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider's stock worth $127,761,000 after purchasing an additional 90,209 shares during the period. Natixis Investment Managers International bought a new position in shares of Kinsale Capital Group in the 1st quarter worth approximately $35,850,000. Artemis Investment Management LLP purchased a new position in shares of Kinsale Capital Group in the second quarter worth approximately $25,476,000. Finally, Allspring Global Investments Holdings LLC grew its position in Kinsale Capital Group by 75.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider's stock valued at $62,375,000 after buying an additional 57,460 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

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.