Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $495.44 Average Price Target from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL) has been given an average recommendation of “Hold” by the eleven research firms that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $495.4444.

Several research analysts recently commented on the company. Truist Financial raised their target price on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Compass Point upped their target price on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Weiss Ratings cut Kinsale Capital Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Finally, Morgan Stanley decreased their price objective on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $392.64 on Friday. Kinsale Capital Group has a 12 month low of $382.89 and a 12 month high of $531.79. The company has a market cap of $9.13 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.46 and a beta of 1.09. The business’s 50 day moving average is $430.88 and its two-hundred day moving average is $451.65. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. The business had revenue of $497.51 million for the quarter, compared to analyst estimates of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. Kinsale Capital Group’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.20 earnings per share. On average, equities analysts expect that Kinsale Capital Group will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Kinsale Capital Group’s dividend payout ratio is presently 3.34%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KNSL. Johnson Financial Group Inc. lifted its stake in Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 54 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kinsale Capital Group by 27.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,991 shares of the financial services provider’s stock worth $8,076,000 after buying an additional 4,100 shares during the period. Invesco Ltd. boosted its holdings in shares of Kinsale Capital Group by 2.6% during the 3rd quarter. Invesco Ltd. now owns 274,724 shares of the financial services provider’s stock worth $116,829,000 after buying an additional 6,934 shares during the period. Van ECK Associates Corp grew its stake in Kinsale Capital Group by 1.9% in the 3rd quarter. Van ECK Associates Corp now owns 21,060 shares of the financial services provider’s stock valued at $8,956,000 after buying an additional 393 shares during the last quarter. Finally, Vestcor Inc raised its holdings in Kinsale Capital Group by 250.3% in the 3rd quarter. Vestcor Inc now owns 2,589 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 1,850 shares during the period. 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.