Kinsale Capital Group (NYSE:KNSL) Price Target Raised to $525.00 at Truist Financial

Kinsale Capital Group (NYSE:KNSL) had its target price upped by research analysts at Truist Financial from $480.00 to $525.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target points to a potential upside of 18.91% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Royal Bank of Canada lowered their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. reduced their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Trading Down 1.7 %

KNSL stock traded down $7.84 during mid-day trading on Tuesday, reaching $441.50. The company had a trading volume of 252,641 shares, compared to its average volume of 221,722. The company has a market capitalization of $10.28 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The firm has a 50 day moving average of $458.10 and a 200 day moving average of $465.89. Kinsale Capital Group has a 12 month low of $355.12 and a 12 month high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. On average, equities analysts predict that Kinsale Capital Group will post 15.67 earnings per share for the current fiscal year.

Insider Activity

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the sale, the director now owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock valued at $3,618,954 in the last quarter. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kinsale Capital Group

A number of hedge funds have recently bought and sold shares of KNSL. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Kinsale Capital Group by 11.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock worth $93,000 after buying an additional 21 shares during the period. Ballentine Partners LLC increased its holdings in Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 25 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Kinsale Capital Group by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 25 shares during the period. Caprock Group LLC lifted its holdings in Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 28 shares in the last quarter. Finally, Fielder Capital Group LLC grew its position in shares of Kinsale Capital Group by 5.5% in the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors 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.