Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $468.56.

Several analysts have commented on KNSL shares. JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Truist Financial upped their target price 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, February 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th.

Kinsale Capital Group Trading Down 0.9 %

Shares of NYSE KNSL opened at $482.17 on Friday. Kinsale Capital Group has a twelve month low of $355.12 and a twelve month high of $531.79. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.66 and a beta of 1.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $452.38 and its 200-day moving average is $460.98.

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

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.82%.

Hedge Funds Weigh In On Kinsale Capital Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Kinsale Capital Group by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock worth $69,126,000 after purchasing an additional 3,469 shares during the period. Citigroup Inc. grew its position in Kinsale Capital Group by 1.2% during the third quarter. Citigroup Inc. now owns 12,402 shares of the financial services provider’s stock worth $5,774,000 after buying an additional 148 shares in the last quarter. Bank of Montreal Can increased its stake in Kinsale Capital Group by 54.4% during the 3rd quarter. Bank of Montreal Can now owns 19,511 shares of the financial services provider’s stock worth $9,002,000 after acquiring an additional 6,876 shares during the period. BNP Paribas Financial Markets raised its holdings in Kinsale Capital Group by 4.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,403 shares of the financial services provider’s stock valued at $8,102,000 after acquiring an additional 689 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of Kinsale Capital Group by 33.4% during the 3rd quarter. Townsquare Capital LLC now owns 6,317 shares of the financial services provider’s stock valued at $2,941,000 after acquiring an additional 1,582 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.