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

Kinsale Capital Group, Inc. (NYSE:KNSL) has been given an average recommendation of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $390.1818.

A number of brokerages have recently commented on KNSL. Cantor Fitzgerald reduced their price target on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Jefferies Financial Group lowered shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $392.00 to $312.00 in a research note on Thursday, March 19th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Finally, Morgan Stanley reduced their price target on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st.

Insider Buying and Selling

In related news, insider Salmaan K. Allibhai sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value 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. This trade represents a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael P. Kehoe sold 22,576 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the transaction, the chief executive officer directly owned 308,048 shares in the company, valued at approximately $93,233,807.68. The trade was a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Isthmus Partners LLC purchased a new position in Kinsale Capital Group during the fourth quarter valued at approximately $8,110,000. JPMorgan Chase & Co. lifted its holdings in Kinsale Capital Group by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 450,044 shares of the financial services provider’s stock valued at $191,386,000 after purchasing an additional 25,428 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Kinsale Capital Group by 17.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,501 shares of the financial services provider’s stock valued at $9,569,000 after purchasing an additional 3,305 shares in the last quarter. Leibman Financial Services Inc. lifted its holdings in Kinsale Capital Group by 109.9% during the fourth quarter. Leibman Financial Services Inc. now owns 9,438 shares of the financial services provider’s stock valued at $3,691,000 after purchasing an additional 4,942 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in Kinsale Capital Group by 7,444.2% during the third quarter. Tudor Investment Corp ET AL now owns 37,721 shares of the financial services provider’s stock valued at $16,041,000 after purchasing an additional 37,221 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.5%

NYSE:KNSL opened at $303.31 on Thursday. The firm has a market cap of $7.00 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group has a fifty-two week low of $293.78 and a fifty-two week high of $512.76. The firm has a 50-day simple moving average of $329.41 and a two-hundred day simple moving average of $365.89.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating 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 analyst estimates of $410.25 million. During the same period last year, the business earned $3.71 EPS. Kinsale Capital Group’s revenue was down .5% compared to the same quarter last year. Analysts predict that Kinsale Capital Group will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 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 4.40%.

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.