Kinsale Capital Group, Inc. (NYSE:KNSL) Given Average Rating of “Hold” by Analysts

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned a consensus rating of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $390.1818.

KNSL has been the topic of a number of research reports. Royal Bank Of Canada dropped their target price on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Wells Fargo & Company lowered shares of Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $420.00 to $357.00 in a research report on Monday, April 27th. BMO Capital Markets lowered shares of Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 target price on the stock. in a research report on Wednesday, February 25th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Jefferies Financial Group lowered shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $392.00 to $312.00 in a research report on Thursday, March 19th.

Insiders Place Their Bets

In related news, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total transaction of $77,792.50. Following the transaction, the insider owned 3,645 shares of the company’s stock, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael P. Kehoe sold 22,576 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the sale, the chief executive officer directly owned 308,048 shares in the company, valued at $93,233,807.68. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.60% of the company’s stock.

Institutional Trading of Kinsale Capital Group

Institutional investors have recently made changes to their positions in the business. Bayban acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $25,000. eCIO Inc. acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $29,000. Finally, Johnson Financial Group Inc. boosted its position in shares of Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 54 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $306.79 on Thursday. The firm has a fifty day simple moving average of $331.70 and a 200-day simple moving average of $367.75. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group has a 1-year low of $293.78 and a 1-year high of $512.76. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.01 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The business had revenue of $466.71 million during the quarter, compared to analysts’ expectations of $410.25 million. During the same period in the previous year, the company earned $3.71 earnings per share. Kinsale Capital Group’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts expect that Kinsale Capital Group will post 20.58 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. Kinsale Capital Group’s payout ratio is 4.40%.

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.