Kinsale Capital Group (NYSE:KNSL) PT Raised to $455.00

Kinsale Capital Group (NYSE:KNSL) had its price objective hoisted by analysts at Royal Bank of Canada from $425.00 to $455.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 2.74% from the company’s current price.

KNSL has been the topic of a number of other reports. JPMorgan Chase & Co. upped their price target on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Compass Point decreased their price target on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. TD Cowen assumed coverage on shares of Kinsale Capital Group in a report on Monday, May 20th. They set a “hold” rating and a $403.00 target price on the stock. Truist Financial reduced their price target on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, BMO Capital Markets reduced their target price on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $437.75.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock traded down $0.44 on Monday, reaching $442.85. 45,176 shares of the company traded hands, compared to its average volume of 186,237. The company has a 50 day moving average of $386.43 and a 200 day moving average of $426.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The firm has a market capitalization of $10.31 billion, a PE ratio of 29.43, a PEG ratio of 1.97 and a beta of 1.06.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. During the same period last year, the business posted $2.88 earnings per share. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. Equities analysts forecast that Kinsale Capital Group will post 15.03 earnings per share for the current year.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total value of $1,389,321.72. Following the transaction, the chief operating officer now owns 95,850 shares in the company, valued at $35,247,879. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. bought a new position in shares of Kinsale Capital Group in the 1st quarter worth approximately $196,358,000. Norges Bank purchased a new stake in Kinsale Capital Group in the fourth quarter worth $78,562,000. DAVENPORT & Co LLC lifted its position in Kinsale Capital Group by 154.5% during the fourth quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider’s stock valued at $109,362,000 after buying an additional 198,129 shares during the period. International Assets Investment Management LLC grew its position in shares of Kinsale Capital Group by 33,266.0% in the 4th quarter. International Assets Investment Management LLC now owns 178,842 shares of the financial services provider’s stock worth $59,896,000 after buying an additional 178,306 shares during the period. Finally, Maren Capital LLC bought a new position in shares of Kinsale Capital Group in the 4th quarter worth about $46,478,000. 85.36% of the stock is currently owned by 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.