Kinsale Capital Group (NYSE:KNSL) PT Lowered to $453.00

Kinsale Capital Group (NYSE:KNSL) had its price target trimmed by BMO Capital Markets from $544.00 to $453.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Other analysts have also issued reports about the company. Compass Point dropped their price target on Kinsale Capital Group from $490.00 to $390.00 and set a neutral rating on the stock in a report on Monday, April 29th. JPMorgan Chase & Co. lifted their target price on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a neutral rating in a research note on Monday, February 26th. Truist Financial reduced their price target on shares of Kinsale Capital Group from $600.00 to $440.00 and set a buy rating for the company in a research report on Monday, April 29th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of Hold and a consensus price target of $438.43.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $382.40 on Tuesday. The company has a fifty day moving average price of $478.52 and a 200-day moving average price of $413.48. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 25.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. Kinsale Capital Group has a 1 year low of $297.33 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The business had revenue of $372.79 million during the quarter, compared to the consensus estimate of $366.45 million. During the same period in the prior year, the firm posted $2.44 EPS. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. As a group, equities research analysts predict that Kinsale Capital Group will post 15.03 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.15 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Monday, February 26th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.99%.

Insider Activity at Kinsale Capital Group

In related news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now owns 303,972 shares in the company, valued at $159,199,255.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares of the company’s stock, valued at $464,867.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the sale, the chief executive officer now owns 303,972 shares in the company, valued at $159,199,255.56. The disclosure for this sale can be found here. Insiders have sold 9,778 shares of company stock valued at $4,532,422 over the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional Trading of Kinsale Capital Group

Institutional investors have recently bought and sold shares of the stock. CWM LLC raised its stake in shares of Kinsale Capital Group by 9.6% during the 3rd quarter. CWM LLC now owns 286 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 25 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Kinsale Capital Group by 42.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,184 shares of the financial services provider’s stock valued at $490,000 after acquiring an additional 352 shares during the period. Handelsbanken Fonder AB increased its position in shares of Kinsale Capital Group by 37.5% in the third quarter. Handelsbanken Fonder AB now owns 4,400 shares of the financial services provider’s stock valued at $1,822,000 after buying an additional 1,200 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Kinsale Capital Group during the third quarter valued at $256,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Kinsale Capital Group by 11.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,214 shares of the financial services provider’s stock worth $8,785,000 after buying an additional 2,198 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.