Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been given an average rating of “Reduce” by the ten analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $368.7778.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Morgan Stanley boosted their target price on shares of Kinsale Capital Group from $345.00 to $390.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price target on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Finally, Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th.

Institutional Trading of Kinsale Capital Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bayban acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in Kinsale Capital Group in the 4th quarter worth approximately $29,000. Johnson Financial Group Inc. boosted its position in Kinsale Capital Group by 257.1% during the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares during the period. Larson Financial Group LLC boosted 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 purchasing an additional 54 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Kinsale Capital Group during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.8%

NYSE KNSL opened at $359.83 on Friday. Kinsale Capital Group has a 1-year low of $287.20 and a 1-year high of $485.00. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $8.20 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.15 and a beta of 0.89. The firm’s fifty day simple moving average is $363.22 and its 200-day simple moving average is $343.99.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating analysts’ consensus estimates of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The firm had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. During the same quarter in the previous year, the company posted $4.78 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinsale Capital Group will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE: KNSL) is a specialty insurance company headquartered in Richmond, Virginia. Through its principal subsidiary, Kinsale Insurance Company, the company provides property and casualty insurance products in the excess and surplus lines market, which serves risks that may not be covered by standard insurance carriers.

Kinsale’s offerings include commercial property, casualty and specialty insurance for businesses and organizations with complex or higher-risk exposures.