Kinsale Capital Group (NYSE:KNSL) PT Lowered to $453.00 at BMO Capital Markets

Kinsale Capital Group (NYSE:KNSL) had its target price lowered by investment analysts at BMO Capital Markets from $544.00 to $453.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 19.65% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Truist Financial cut their price objective on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a report on Monday. Compass Point decreased their price objective on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their target price on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $425.00 price target (down from $555.00) on shares of Kinsale Capital Group in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $438.43.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $378.61 on Tuesday. Kinsale Capital Group has a 12 month low of $297.33 and a 12 month high of $548.47. The firm has a market capitalization of $8.78 billion, a PE ratio of 25.16 and a beta of 0.89. The firm has a fifty day simple moving average of $483.69 and a two-hundred day simple moving average of $414.21. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. During the same quarter in the prior year, the business posted $2.44 EPS. The firm’s revenue was up 41.7% compared to the same quarter last year. Analysts forecast that Kinsale Capital Group will post 15.27 EPS for the current fiscal year.

Insider Transactions at Kinsale Capital Group

In related news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the completion of the transaction, the chief operating officer now owns 95,850 shares of the company’s stock, valued at $35,247,879. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Brian D. Haney sold 3,778 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the sale, the chief operating officer now owns 95,850 shares in the company, valued at $35,247,879. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,778 shares of company stock valued at $4,532,422. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its holdings in shares of Kinsale Capital Group by 113.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock worth $2,148,000 after buying an additional 2,172 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Kinsale Capital Group by 763.7% during the 1st quarter. BNP Paribas Financial Markets now owns 14,338 shares of the financial services provider’s stock valued at $7,524,000 after purchasing an additional 12,678 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Kinsale Capital Group during the 1st quarter valued at about $5,268,000. Sequoia Financial Advisors LLC purchased a new stake in Kinsale Capital Group in the first quarter worth approximately $483,000. Finally, Diversify Advisory Services LLC bought a new position in Kinsale Capital Group during the first quarter valued at approximately $329,000. 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.