Kinsale Capital Group (NYSE:KNSL) Receives "Sector Perform" Rating from Royal Bank of Canada

Kinsale Capital Group (NYSE:KNSL - Get Free Report)'s stock had its "sector perform" rating reaffirmed by analysts at Royal Bank of Canada in a research note issued on Tuesday,Benzinga reports. They currently have a $500.00 target price on the financial services provider's stock. Royal Bank of Canada's target price would indicate a potential upside of 16.62% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a research report on Thursday, November 21st. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial lifted their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $468.56.

Kinsale Capital Group Trading Down 2.9 %

Shares of NYSE:KNSL traded down $12.70 during trading on Tuesday, hitting $428.74. 212,431 shares of the company's stock were exchanged, compared to its average volume of 224,300. Kinsale Capital Group has a 1-year low of $355.12 and a 1-year high of $548.47. The firm has a 50-day moving average price of $454.19 and a two-hundred day moving average price of $465.51. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market cap of $9.99 billion, a P/E ratio of 24.10, a PEG ratio of 1.66 and a beta of 1.15.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. Equities analysts predict that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Insider Activity

In other news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the sale, the director now owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Institutional Trading of Kinsale Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in KNSL. Norges Bank acquired a new position in Kinsale Capital Group during the fourth quarter worth $89,200,000. Alliancebernstein L.P. increased its holdings in Kinsale Capital Group by 486.3% during the fourth quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock worth $99,559,000 after buying an additional 177,540 shares during the last quarter. Premier Fund Managers Ltd increased its holdings in Kinsale Capital Group by 20,286.0% during the fourth quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock worth $48,813,000 after buying an additional 104,270 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Kinsale Capital Group by 1,119.0% during the fourth quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock worth $32,885,000 after buying an additional 64,900 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Kinsale Capital Group by 65.3% during the third quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider's stock worth $69,471,000 after buying an additional 58,971 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.