Kinsale Capital Group (NYSE:KNSL) Rating Increased to Outperform at Wolfe Research

Wolfe Research upgraded shares of Kinsale Capital Group (NYSE:KNSL) from a peer perform rating to an outperform rating in a research note released on Monday, MarketBeat.com reports. Wolfe Research currently has $535.00 price objective on the financial services provider’s stock.

KNSL has been the topic of a number of other research reports. Truist Financial lifted their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Royal Bank of Canada upped their target price on shares of 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. Jefferies Financial Group increased their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Oppenheimer began coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $455.88.

Kinsale Capital Group Stock Down 0.2 %

Shares of NYSE:KNSL opened at $428.78 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 2.03 and a beta of 1.08. The company has a 50 day moving average of $464.02 and a 200-day moving average of $427.43. Kinsale Capital Group has a one year low of $325.01 and a one year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the prior year, the company posted $3.31 earnings per share. The firm’s revenue was up 33.0% on a year-over-year basis. On average, sell-side analysts forecast that Kinsale Capital Group will post 15.05 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s payout ratio is currently 3.99%.

Institutional Trading of Kinsale Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in shares of Kinsale Capital Group in the first quarter worth $25,000. ORG Wealth Partners LLC bought a new position in Kinsale Capital Group in the 3rd quarter valued at about $26,000. UMB Bank n.a. raised its position in shares of Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after buying an additional 49 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 50 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 42 shares in the last quarter. 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.