Shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $510.00.
Several analysts have recently commented on the stock. Truist Financial increased their target price on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Royal Bank of Canada upped their target price on Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Finally, BMO Capital Markets lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $434.00 to $544.00 in a report on Wednesday, February 28th.
View Our Latest Analysis on KNSL
Insider Buying and Selling at Kinsale Capital Group
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its position in shares of Kinsale Capital Group by 5.1% during the 1st quarter. Bank of Montreal Can now owns 1,663 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 80 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Kinsale Capital Group by 119.7% during the first quarter. Panagora Asset Management Inc. now owns 3,219 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 1,754 shares during the last quarter. Rhumbline Advisers grew its stake in Kinsale Capital Group by 2.5% in the 1st quarter. Rhumbline Advisers now owns 58,459 shares of the financial services provider’s stock worth $13,330,000 after buying an additional 1,422 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Kinsale Capital Group by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,861 shares of the financial services provider’s stock worth $1,792,000 after buying an additional 749 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Kinsale Capital Group by 1.0% during the 1st quarter. BlackRock Inc. now owns 2,301,709 shares of the financial services provider’s stock worth $524,835,000 after acquiring an additional 23,604 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.
Kinsale Capital Group Stock Performance
Shares of KNSL opened at $450.96 on Friday. The firm has a market capitalization of $10.46 billion, a P/E ratio of 34.14 and a beta of 0.89. Kinsale Capital Group has a 52 week low of $297.33 and a 52 week high of $548.47. The stock has a 50 day moving average price of $486.84 and a two-hundred day moving average price of $414.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12.
Kinsale Capital Group (NYSE:KNSL – Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.43. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. The business had revenue of $351.17 million during the quarter, compared to the consensus estimate of $367.98 million. During the same quarter in the prior year, the company posted $2.60 earnings per share. Kinsale Capital Group’s revenue was up 41.5% compared to the same quarter last year. Equities analysts forecast that Kinsale Capital Group will post 15.26 earnings per share for the current fiscal year.
Kinsale Capital Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s payout ratio is 4.54%.
About Kinsale Capital Group
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.
Featured Stories
- Five stocks we like better than Kinsale Capital Group
- Following Congress Stock Trades
- You Can Follow BlackRock’s Market View for Your Money
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Breakout Alert: Coinbase’s Consolidation Is About To End
- Quiet Period Expirations Explained
- 3 Key Stocks Helping to Drive the EV Race
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.