Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Has Average Price Target of $368.78 According to Brokerages

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have received a consensus recommendation of “Reduce” from the ten brokerages that are currently covering the stock, 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 brokers that have updated their coverage on the stock in the last year is $368.78.

KNSL has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. 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. Weiss Ratings raised shares of Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. boosted their price target on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Finally, Morgan Stanley upped their price objective 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC lifted its stake in Kinsale Capital Group by 4.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 793 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 37 shares in the last quarter. Strategic Advisors LLC lifted its position in Kinsale Capital Group by 0.4% during the fourth quarter. Strategic Advisors LLC now owns 8,553 shares of the financial services provider’s stock worth $3,346,000 after buying an additional 38 shares in the last quarter. Florida Financial Advisors LLC lifted its position in Kinsale Capital Group by 8.8% during the fourth quarter. Florida Financial Advisors LLC now owns 579 shares of the financial services provider’s stock worth $227,000 after buying an additional 47 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Kinsale Capital Group by 3.6% during the first quarter. Sanctuary Advisors LLC now owns 1,361 shares of the financial services provider’s stock worth $465,000 after buying an additional 47 shares during the last quarter. Finally, Procyon Advisors LLC grew its holdings in Kinsale Capital Group by 9.3% in the 1st quarter. Procyon Advisors LLC now owns 610 shares of the financial services provider’s stock valued at $208,000 after buying an additional 52 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $330.37 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. Kinsale Capital Group has a twelve month low of $287.20 and a twelve month high of $485.00. The business has a 50-day moving average price of $364.55 and a 200 day moving average price of $340.74. The firm has a market cap of $7.53 billion, a PE ratio of 13.39, a P/E/G ratio of 1.06 and a beta of 0.88.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping 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 company had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. During the same quarter in the prior year, the business posted $4.78 earnings per share. Kinsale Capital Group’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts predict that Kinsale Capital Group will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Friday, August 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s payout ratio is currently 4.05%.

About Kinsale Capital Group

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, including Kinsale Insurance Company, the company provides commercial property and casualty insurance in the United States.

Kinsale focuses primarily on the excess and surplus lines market, which serves businesses with risks that may not be accommodated by standard insurance carriers. Its offerings include coverage for commercial property, general liability, professional liability, commercial auto, and other specialized risks.