Analysts Set Kinsale Capital Group, Inc. (NYSE:KNSL) Target Price at $443.38

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been given an average rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $443.38.

A number of equities research analysts have recently issued reports on KNSL shares. Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday. Oppenheimer started coverage on Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating for the company. Royal Bank of Canada boosted their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. TD Cowen started coverage on Kinsale Capital Group in a report on Monday, May 20th. They set a “hold” rating and a $403.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th.

Institutional Investors Weigh In On Kinsale Capital Group

Several institutional investors have recently made changes to their positions in KNSL. Headlands Technologies LLC acquired a new position in Kinsale Capital Group during the first quarter valued at approximately $25,000. Trust Co. of Vermont raised its position in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Kinsale Capital Group during the fourth quarter valued at approximately $33,000. Quarry LP acquired a new position in Kinsale Capital Group during the fourth quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC raised its position in Kinsale Capital Group by 713.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 107 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Trading Down 2.4 %

Kinsale Capital Group stock opened at $453.52 on Tuesday. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market capitalization of $10.56 billion, a P/E ratio of 30.13, a PEG ratio of 1.98 and a beta of 1.08. The stock has a 50-day simple moving average of $446.31 and a 200 day simple moving average of $436.20.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 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 analysts’ expectations of $410.20 million. During the same quarter last year, the company posted $2.88 earnings per share. Kinsale Capital Group’s quarterly revenue was up 30.0% on a year-over-year basis. Analysts expect that Kinsale Capital Group will post 15.31 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

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

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.