BMO Capital Markets Forecasts Strong Price Appreciation for Kinsale Capital Group (NYSE:KNSL) Stock

Kinsale Capital Group (NYSE:KNSL) had its price target increased by equities researchers at BMO Capital Markets from $445.00 to $461.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 7.61% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group raised their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Truist Financial decreased their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Royal Bank of Canada cut their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $456.88.

Kinsale Capital Group Trading Up 1.8 %

KNSL stock opened at $498.96 on Thursday. The firm’s fifty day simple moving average is $459.56 and its two-hundred day simple moving average is $431.44. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 EPS. As a group, analysts anticipate that Kinsale Capital Group will post 15.52 earnings per share for the current year.

Hedge Funds Weigh In On Kinsale Capital Group

Institutional investors have recently bought and sold shares of the business. Benjamin Edwards Inc. boosted its position in Kinsale Capital Group by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 24 shares in the last quarter. Leibman Financial Services Inc. boosted its position in Kinsale Capital Group by 0.5% during the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after purchasing an additional 24 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Kinsale Capital Group by 9.2% in the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 28 shares during the last quarter. CWM LLC raised its holdings in Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 33 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 37 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

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.