Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $506.89 Average Target Price from Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $506.8889.

A number of research analysts have recently weighed in on KNSL shares. Compass Point raised their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Truist Financial raised their target price on Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Kinsale Capital Group in a report on Wednesday, October 8th.

Kinsale Capital Group Stock Up 2.5%

Shares of NYSE:KNSL opened at $453.86 on Wednesday. The business’s 50 day simple moving average is $447.32 and its two-hundred day simple moving average is $459.32. The firm has a market cap of $10.57 billion, a P/E ratio of 23.68, a PEG ratio of 1.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group has a 52-week low of $405.00 and a 52-week high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.37. The business had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.75 earnings per share. As a group, research analysts forecast that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.55%.

Institutional Trading of Kinsale Capital Group

A number of hedge funds have recently bought and sold shares of KNSL. Key Financial Inc lifted its holdings in Kinsale Capital Group by 315.4% during the first quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 41 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Kinsale Capital Group during the first quarter worth $31,000. V Square Quantitative Management LLC bought a new stake in Kinsale Capital Group during the second quarter worth $31,000. Darwin Wealth Management LLC bought a new stake in Kinsale Capital Group during the second quarter worth $38,000. Finally, VSM Wealth Advisory LLC bought a new stake in Kinsale Capital Group during the second quarter worth $39,000. 85.36% of the stock is currently 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.