Truist Financial Increases Kinsale Capital Group (NYSE:KNSL) Price Target to $530.00

Kinsale Capital Group (NYSE:KNSL) had its target price lifted by investment analysts at Truist Financial from $485.00 to $530.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective points to a potential upside of 14.87% from the stock’s previous close.

Several other research firms have also recently weighed in on KNSL. 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 research report on Thursday, July 11th. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Royal Bank of Canada raised their price objective 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. Finally, Oppenheimer started coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $438.71.

Kinsale Capital Group Stock Up 2.6 %

Shares of Kinsale Capital Group stock opened at $461.38 on Friday. 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 stock has a 50 day moving average price of $458.52 and a two-hundred day moving average price of $432.93. The stock has a market capitalization of $10.74 billion, a P/E ratio of 30.66, a PEG ratio of 2.02 and a beta of 1.08.

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

Institutional Investors Weigh In On Kinsale Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Kinsale Capital Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock worth $700,127,000 after acquiring an additional 30,729 shares during the period. Thrivent Financial for Lutherans lifted its stake in Kinsale Capital Group by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock worth $281,065,000 after purchasing an additional 6,331 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Kinsale Capital Group by 14.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock valued at $164,291,000 after purchasing an additional 52,218 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Kinsale Capital Group by 0.4% in the 1st quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock valued at $173,095,000 after purchasing an additional 1,286 shares during the period. Finally, Riverbridge Partners LLC raised its holdings in shares of Kinsale Capital Group by 25.4% in the 1st quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock worth $163,543,000 after buying an additional 63,141 shares in the last quarter. 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.