Kinsale Capital Group (NYSE:KNSL) Earns Hold Rating from Analysts at TD Cowen

TD Cowen assumed coverage on shares of Kinsale Capital Group (NYSE:KNSL) in a report issued on Monday, MarketBeat Ratings reports. The firm issued a hold rating and a $403.00 price target on the financial services provider’s stock.

KNSL has been the topic of several other research reports. Royal Bank of Canada reaffirmed a sector perform rating and set a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. JPMorgan Chase & Co. raised their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a neutral rating in a report on Monday, February 26th. Compass Point lowered their price target on Kinsale Capital Group from $490.00 to $390.00 and set a neutral rating on the stock in a report on Monday, April 29th. Truist Financial lowered their price target on Kinsale Capital Group from $600.00 to $440.00 and set a buy rating on the stock in a report on Monday, April 29th. Finally, BMO Capital Markets lowered their price target on Kinsale Capital Group from $544.00 to $453.00 and set a market perform rating on the stock in a report on Tuesday, April 30th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $434.00.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $386.98 on Monday. The stock’s 50-day moving average is $441.16 and its two-hundred day moving average is $412.97. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 25.71 and a beta of 0.98. Kinsale Capital Group has a 1 year low of $297.33 and a 1 year high of $548.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.17. The company had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 earnings per share. Analysts predict that Kinsale Capital Group will post 15.07 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Friday, May 31st. Kinsale Capital Group’s dividend payout ratio is presently 3.99%.

Insider Activity

In other news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares in the company, valued at approximately $464,867.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The disclosure for this sale can be found here. In the last three months, insiders sold 9,778 shares of company stock worth $4,532,422. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in Kinsale Capital Group in the 1st quarter worth approximately $25,000. Beacon Capital Management LLC purchased a new stake in Kinsale Capital Group in the 4th quarter worth approximately $33,000. Brown Brothers Harriman & Co. purchased a new stake in Kinsale Capital Group in the 4th quarter worth approximately $33,000. Finally, Quarry LP purchased a new stake in Kinsale Capital Group in the 4th quarter worth approximately $40,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Company Profile

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.