Analysts Set Kinsale Capital Group, Inc. (NYSE:KNSL) Price Target at $334.00

Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) has been given a consensus rating of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $334.00.

Several brokerages have issued reports on KNSL. Jefferies Financial Group lifted their price target on shares of Kinsale Capital Group from $313.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, April 10th. Compass Point lowered shares of Kinsale Capital Group from a “buy” rating to a “neutral” rating and lifted their price target for the company from $330.00 to $350.00 in a research note on Tuesday, February 21st. Truist Financial lifted their price target on shares of Kinsale Capital Group from $335.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. Royal Bank of Canada boosted their price objective on shares of Kinsale Capital Group from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 21st. Finally, BMO Capital Markets boosted their price objective on shares of Kinsale Capital Group from $230.00 to $245.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 5th.

Insider Activity at Kinsale Capital Group

In related news, CEO Michael P. Kehoe sold 3,500 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $317.30, for a total value of $1,110,550.00. Following the completion of the transaction, the chief executive officer now owns 311,189 shares of the company’s stock, valued at approximately $98,740,269.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Anne C. Kronenberg sold 930 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $311.40, for a total transaction of $289,602.00. Following the completion of the sale, the director now directly owns 9,292 shares in the company, valued at $2,893,528.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael P. Kehoe sold 3,500 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $317.30, for a total transaction of $1,110,550.00. Following the sale, the chief executive officer now owns 311,189 shares of the company’s stock, valued at $98,740,269.70. The disclosure for this sale can be found here. Insiders sold a total of 19,180 shares of company stock valued at $6,194,452 in the last quarter. Insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KNSL. Morgan Stanley lifted its position in shares of Kinsale Capital Group by 107.7% during the fourth quarter. Morgan Stanley now owns 450,657 shares of the financial services provider’s stock valued at $117,856,000 after purchasing an additional 233,687 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Kinsale Capital Group during the third quarter valued at about $58,191,000. Copeland Capital Management LLC bought a new position in shares of Kinsale Capital Group during the first quarter valued at about $55,274,000. Baird Financial Group Inc. bought a new position in shares of Kinsale Capital Group during the third quarter valued at about $36,844,000. Finally, Riverbridge Partners LLC bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $33,543,000. 85.97% of the stock is owned by institutional investors.

Kinsale Capital Group Trading Up 1.7 %

Shares of NYSE KNSL opened at $307.21 on Wednesday. The company’s fifty day moving average is $319.90 and its 200-day moving average is $300.75. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 38.89 and a beta of 0.86. Kinsale Capital Group has a twelve month low of $202.00 and a twelve month high of $345.75. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.24.

Kinsale Capital Group (NYSE:KNSL – Get Rating) last announced its quarterly earnings results on Friday, April 28th. The financial services provider reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.20. The company had revenue of $299.03 million for the quarter, compared to analysts’ expectations of $252.84 million. Kinsale Capital Group had a net margin of 20.44% and a return on equity of 28.34%. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. Equities research analysts predict that Kinsale Capital Group will post 10.37 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Wednesday, May 31st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.18%. The ex-dividend date is Tuesday, May 30th. Kinsale Capital Group’s payout ratio is 7.09%.

Kinsale Capital Group Company Profile

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Kinsale Capital Group, Inc is a holding company, which engages in the provision of property and casualty insurance services. It operates the Excess and Surplus Lines Insurance segment. The Excess and Surplus Lines Insurance segment provides commercial excess and surplus lines liability and property insurance products through underwriting divisions.