Kinsale Capital Group (NYSE:KNSL – Free Report) had its price objective raised by Cantor Fitzgerald from $264.00 to $285.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.
KNSL has been the topic of a number of other research reports. Morgan Stanley cut their target price on shares of Kinsale Capital Group from $390.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Citigroup reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, October 23rd. Wells Fargo & Company decreased their price target on shares of Kinsale Capital Group from $377.00 to $348.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $390.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Finally, Weiss Ratings raised Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $362.78.
View Our Latest Stock Analysis on KNSL
Kinsale Capital Group Trading Down 0.6%
NYSE KNSL opened at $358.44 on Monday. Kinsale Capital Group has a one year low of $287.20 and a one year high of $421.90. The company’s 50 day moving average price is $359.29 and its 200 day moving average price is $352.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.15 and a beta of 0.88.
Kinsale Capital Group (NYSE:KNSL – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $5.11 by $0.59. Kinsale Capital Group had a net margin of 26.89% and a return on equity of 25.73%. The firm had revenue of $454.80 million for the quarter, compared to analysts’ expectations of $401.43 million. During the same period in the previous year, the company posted $5.21 earnings per share. On average, sell-side analysts predict that Kinsale Capital Group will post 21.62 EPS for the current year.
Kinsale Capital Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s payout ratio is 4.36%.
Institutional Trading of Kinsale Capital Group
Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in shares of Kinsale Capital Group during the second quarter worth $10,035,000. Legal & General Group Plc acquired a new stake in Kinsale Capital Group during the 2nd quarter valued at $9,462,000. Odyssean LLC grew its holdings in Kinsale Capital Group by 141.3% during the 2nd quarter. Odyssean LLC now owns 9,547 shares of the financial services provider’s stock valued at $3,149,000 after purchasing an additional 5,591 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Kinsale Capital Group during the 2nd quarter valued at $2,081,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Kinsale Capital Group during the 2nd quarter worth $4,704,000. Institutional investors and hedge funds own 85.36% of the company’s stock.
About Kinsale Capital Group
Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.
Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers’ compensation and other specialty risks.
Further Reading
- Five stocks we like better than Kinsale Capital Group
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Receive News & Ratings for Kinsale Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.
