Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Has Average Target Price of $368.78

by · The Cerbat Gem

Kinsale Capital Group, Inc. (NYSE:KNSL – Get Free Report) has received a consensus rating of “Reduce” from the ten ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $364.33.

KNSL has been the topic of several recent research reports. Weiss Ratings raised shares of Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Morgan Stanley cut their price target on shares of Kinsale Capital Group from $390.00 to $350.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wells Fargo & Company raised their price objective on Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, JPMorgan Chase & Co. boosted their target price on Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a research note on Monday, July 20th.

Check Out Our Latest Report on Kinsale Capital Group

Kinsale Capital Group Stock Up 1.1%

Shares of KNSL opened at $336.06 on Wednesday. The firm has a market cap of $7.66 billion, a P/E ratio of 13.62, a P/E/G ratio of 1.05 and a beta of 0.88. The stock has a 50 day simple moving average of $363.29 and a two-hundred day simple moving average of $340.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group has a 1 year low of $287.20 and a 1 year high of $485.00.

Kinsale Capital Group (NYSE:KNSL – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, topping the consensus estimate of $5.11 by $0.43. The firm had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $4.78 earnings per share. On average, analysts forecast that Kinsale Capital Group will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 28th. Kinsale Capital Group’s payout ratio is 4.05%.

Institutional Trading of Kinsale Capital Group

A number of institutional investors have recently made changes to their positions in KNSL. Hsbc Holdings PLC bought a new stake in Kinsale Capital Group during the 2nd quarter valued at approximately $10,035,000. Legal & General Group Plc bought a new position in shares of Kinsale Capital Group in the 2nd quarter worth approximately $9,462,000. Public Employees Retirement System of Ohio bought a new position in shares of Kinsale Capital Group in the 2nd quarter worth approximately $2,081,000. Virtu Financial LLC lifted its stake in shares of Kinsale Capital Group by 175.2% in the 4th quarter. Virtu Financial LLC now owns 3,118 shares of the financial services provider’s stock valued at $1,219,000 after purchasing an additional 1,985 shares during the period. Finally, United Capital Financial Advisors LLC purchased a new position in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $4,704,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

About Kinsale Capital Group

(Get Free Report)

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, including Kinsale Insurance Company, the company provides commercial property and casualty insurance in the United States.

Kinsale focuses primarily on the excess and surplus lines market, which serves businesses with risks that may not be accommodated by standard insurance carriers. Its offerings include coverage for commercial property, general liability, professional liability, commercial auto, and other specialized risks.

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