Kinsale Capital Group, Inc. (NYSE:KNSL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $443.38.

Several analysts recently commented on KNSL shares. Truist Financial raised their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada raised their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. TD Cowen started coverage on Kinsale Capital Group in a research note on Monday, May 20th. They set a “hold” rating and a $403.00 price objective on the stock. Oppenheimer started coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th.

Institutional Trading of Kinsale Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of Kinsale Capital Group in the first quarter valued at about $25,000. Trust Co. of Vermont increased its position in shares of Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 50 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $33,000. Quarry LP acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $40,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Kinsale Capital Group by 713.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 2.4 %

NYSE:KNSL opened at $453.52 on Tuesday. Kinsale Capital Group has a 12-month low of $325.01 and a 12-month high of $548.47. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $10.56 billion, a P/E ratio of 30.13, a P/E/G ratio of 1.98 and a beta of 1.08. The stock’s fifty day simple moving average is $446.31 and its 200-day simple moving average is $436.20.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping the consensus estimate of $3.52 by $0.23. The business had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.88 EPS. Equities research analysts expect that Kinsale Capital Group will post 15.31 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.99%.

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.