Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $468.56 Average PT from Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $468.56.

Several analysts recently commented on the company. Truist Financial raised their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley cut their price target 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $459.89 on Friday. 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 capitalization of $10.70 billion, a P/E ratio of 25.85, a PEG ratio of 1.66 and a beta of 1.16. The business has a 50-day moving average of $457.25 and a 200-day moving average of $461.88. Kinsale Capital Group has a 1 year low of $355.12 and a 1 year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, equities analysts anticipate that Kinsale Capital Group will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

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

Hedge Funds Weigh In On Kinsale Capital Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Kinsale Capital Group by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock worth $69,126,000 after buying an additional 3,469 shares during the last quarter. Citigroup Inc. lifted 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 acquiring an additional 148 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Kinsale Capital Group by 54.4% during the third 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 grew its position in shares of Kinsale Capital Group by 4.1% in the third quarter. BNP Paribas Financial Markets now owns 17,403 shares of the financial services provider’s stock valued at $8,102,000 after purchasing an additional 689 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in shares of Kinsale Capital Group by 33.4% during the third quarter. Townsquare Capital LLC now owns 6,317 shares of the financial services provider’s stock worth $2,941,000 after purchasing an additional 1,582 shares during the period. 85.36% of the stock is owned by 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.