Kinsale Capital Group, Inc. (KNSL) – What Are Researchers Thinking About This Stock?

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been assigned an average recommendation of “Reduce” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $362.78.

A number of research analysts have issued reports on KNSL shares. Citigroup reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $390.00 to $375.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. Cantor Fitzgerald boosted their price target on Kinsale Capital Group from $264.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Weiss Ratings upgraded Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Finally, Wells Fargo & Company lowered their price target on Kinsale Capital Group from $377.00 to $348.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $365.76 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.07 and a current ratio of 0.07. Kinsale Capital Group has a one year low of $287.20 and a one year high of $421.90. The firm has a market capitalization of $8.23 billion, a P/E ratio of 15.94, a PEG ratio of 1.12 and a beta of 0.88. The company’s fifty day moving average is $358.64 and its two-hundred day moving average is $352.23.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $5.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.11 by $0.59. The business had revenue of $454.80 million during the quarter, compared to the consensus estimate of $401.43 million. Kinsale Capital Group had a net margin of 26.89% and a return on equity of 25.73%. During the same quarter last year, the firm posted $5.21 EPS. Analysts forecast that Kinsale Capital Group will post 21.80 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s payout ratio is currently 4.36%.

Institutional Trading of Kinsale Capital Group

A number of institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in shares of Kinsale Capital Group during the second quarter valued at $10,035,000. Odyssean LLC increased its position in Kinsale Capital Group by 141.3% during the 2nd quarter. Odyssean LLC now owns 9,547 shares of the financial services provider’s stock worth $3,149,000 after purchasing an additional 5,591 shares in the last quarter. Legal & General Group Plc purchased a new stake in Kinsale Capital Group during the 2nd quarter worth about $9,462,000. Public Employees Retirement System of Ohio acquired a new position in Kinsale Capital Group in the 2nd quarter valued at about $2,081,000. Finally, United Capital Financial Advisors LLC acquired a new position in Kinsale Capital Group in the 2nd quarter valued at about $4,704,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

About Kinsale Capital Group

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.

Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers’ compensation and other specialty risks.