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

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $506.8889.

Several equities analysts have recently commented on KNSL shares. BMO Capital Markets upped their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Morgan Stanley lowered their price objective on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, Bank of America assumed coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They issued a “buy” rating and a $543.00 price target on the stock.

Kinsale Capital Group Price Performance

NYSE:KNSL opened at $473.22 on Wednesday. The company has a market cap of $11.03 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.73 and a beta of 1.09. The firm’s fifty day moving average price is $446.29 and its two-hundred day moving average price is $460.55. Kinsale Capital Group has a one year low of $405.00 and a one year high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, topping the consensus estimate of $4.41 by $0.37. The business had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. Kinsale Capital Group’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.75 EPS. Equities analysts expect that Kinsale Capital Group will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.1%. Kinsale Capital Group’s dividend payout ratio is currently 3.55%.

Institutional Trading of Kinsale Capital Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Key Financial Inc boosted its position in Kinsale Capital Group by 315.4% in the first quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock valued at $26,000 after buying an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Kinsale Capital Group during the 1st quarter valued at $31,000. V Square Quantitative Management LLC bought a new stake in Kinsale Capital Group during the 2nd quarter worth $31,000. Darwin Wealth Management LLC acquired a new position in Kinsale Capital Group in the 2nd quarter worth about $38,000. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Kinsale Capital Group during the second quarter valued at about $39,000. 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.