Analysts Set Kinsale Capital Group, Inc. (NYSE:KNSL) Price Target at $483.78

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been assigned an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $483.7778.

KNSL has been the topic of a number of research analyst reports. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, December 14th. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Royal Bank Of Canada initiated coverage on shares of Kinsale Capital Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price target for the company. TD Cowen lowered their price objective on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Kinsale Capital Group in a research note on Tuesday, December 16th.

Kinsale Capital Group Stock Up 0.4%

Shares of NYSE:KNSL opened at $392.69 on Monday. The firm has a 50 day simple moving average of $388.64 and a 200 day simple moving average of $432.38. Kinsale Capital Group has a 52 week low of $349.00 and a 52 week high of $512.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $9.13 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, topping the consensus estimate of $4.79 by $0.42. The firm had revenue of $497.51 million for the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.20 EPS. As a group, research analysts expect that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 28th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.34%.

Kinsale Capital Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Kinsale Capital Group

Hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Kinsale Capital Group in the second quarter valued at approximately $31,000. Johnson Financial Group Inc. lifted its stake in shares of Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 54 shares during the last quarter. Root Financial Partners LLC bought a new stake in Kinsale Capital Group in the third quarter worth $33,000. Larson Financial Group LLC increased its position in Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Kinsale Capital Group during the second quarter valued at about $38,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.