Kinsale Capital Group (NYSE:KNSL) Downgraded to Peer Perform at Wolfe Research

Kinsale Capital Group (NYSE:KNSL) was downgraded by investment analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a note issued to investors on Monday, MarketBeat Ratings reports.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada upped their target price on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Truist Financial lifted their price target on Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a report on Monday, July 29th. TD Cowen initiated coverage on shares of Kinsale Capital Group in a report on Monday, May 20th. They set a “hold” rating and a $403.00 price objective on the stock. Finally, Oppenheimer began coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $443.38.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $464.53 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. Kinsale Capital Group has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The stock has a fifty day moving average of $444.83 and a two-hundred day moving average of $436.64. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.98 and a beta of 1.08.

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, beating analysts’ consensus estimates of $3.52 by $0.23. The company had revenue of $384.55 million for the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 EPS. On average, analysts anticipate that Kinsale Capital Group will post 15.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Kinsale Capital Group

Several large investors have recently made changes to their positions in KNSL. Principal Securities Inc. purchased a new stake in Kinsale Capital Group during the 4th quarter worth $44,000. Avantax Advisory Services Inc. raised its holdings in shares of Kinsale Capital Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 957 shares of the financial services provider’s stock valued at $321,000 after buying an additional 41 shares during the period. Janney Montgomery Scott LLC lifted its position in Kinsale Capital Group by 23.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,922 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 368 shares in the last quarter. Securian Asset Management Inc. lifted its position in Kinsale Capital Group by 5.5% during the 4th quarter. Securian Asset Management Inc. now owns 1,920 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 100 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $126,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

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.