Brokerages Set Kinsale Capital Group, Inc. (NYSE:KNSL) Price Target at $506.89

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have received an average rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $506.8889.

KNSL has been the topic of a number of analyst reports. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Truist Financial increased their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. increased their price target on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, BMO Capital Markets increased their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th.

Kinsale Capital Group Stock Up 2.0%

Shares of NYSE:KNSL opened at $447.12 on Wednesday. Kinsale Capital Group has a 12 month low of $405.00 and a 12 month high of $531.79. The company’s 50-day moving average price is $446.86 and its two-hundred day moving average price is $459.48. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The firm has a market cap of $10.42 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.65 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the prior year, the firm earned $3.75 EPS. The company’s revenue was up 22.2% on a year-over-year basis. 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. Shareholders of record on Friday, August 29th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.55%.

Institutional Trading of Kinsale Capital Group

Hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in Kinsale Capital Group by 10.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider’s stock worth $1,272,000 after buying an additional 254 shares during the period. Bridges Investment Management Inc. raised its holdings in Kinsale Capital Group by 111.5% during the 1st quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider’s stock worth $2,446,000 after buying an additional 2,650 shares during the period. M&T Bank Corp raised its holdings in Kinsale Capital Group by 43.4% during the 1st quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider’s stock worth $1,787,000 after buying an additional 1,111 shares during the period. Artemis Investment Management LLP raised its holdings in Kinsale Capital Group by 43.9% during the 1st quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider’s stock worth $39,387,000 after buying an additional 24,681 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new stake in Kinsale Capital Group during the 1st quarter worth approximately $270,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.