Kinsale Capital Group, Inc. (NYSE:KNSL) Receives $472.64 Consensus Target Price from Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $457.00.

Several analysts have recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Kinsale Capital Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 price objective for the company. Jefferies Financial Group restated a “hold” rating and set a $433.00 price target on shares of Kinsale Capital Group in a research note on Friday, February 13th. 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. reduced their price objective 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kinsale Capital Group in a research report on Monday, December 29th.

Kinsale Capital Group Trading Down 0.1%

NYSE KNSL opened at $373.66 on Tuesday. The company has a market cap of $8.69 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.54 and a beta of 0.99. Kinsale Capital Group has a 12 month low of $341.06 and a 12 month high of $512.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.08 and a quick ratio of 0.09. The company has a 50-day moving average of $394.47 and a 200-day moving average of $413.63.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, February 12th. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.30 by $0.51. The firm had revenue of $483.27 million during the quarter, compared to the consensus estimate of $467.66 million. Kinsale Capital Group had a net margin of 26.87% and a return on equity of 25.45%. During the same period in the previous year, the firm earned $4.62 earnings per share. As a group, equities analysts predict that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.17. Kinsale Capital Group’s payout ratio is 3.14%.

Kinsale Capital Group declared that its board has authorized a stock buyback plan on Thursday, December 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Kinsale Capital Group

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth about $25,000. eCIO Inc. purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. grew its position in Kinsale Capital Group by 257.1% in the third 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. Finally, Root Financial Partners LLC purchased a new stake in shares of Kinsale Capital Group during the third quarter valued at approximately $33,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

About Kinsale Capital Group

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.