Kinsale Capital Group, Inc. (NYSE:KNSL) Receives Consensus Rating of “Hold” from Brokerages

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $390.1818.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings cut shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. 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. Truist Financial lowered their target price on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Finally, Royal Bank Of Canada lowered their target price on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating on the stock in a research note on Monday, April 27th.

Kinsale Capital Group Stock Down 1.6%

KNSL opened at $290.67 on Thursday. 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 $287.20 and a fifty-two week high of $512.76. The firm’s fifty day moving average is $328.00 and its 200 day moving average is $364.45. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.91.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results 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 company had revenue of $466.71 million for the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter in the previous year, the company earned $3.71 EPS. Kinsale Capital Group’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts forecast that Kinsale Capital Group will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be paid a dividend of $0.25 per share. 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 4.40%.

Insiders Place Their Bets

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total value of $6,832,852.16. Following the sale, the chief executive officer owned 308,048 shares in the company, valued at $93,233,807.68. The trade was a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the completion of the sale, the insider owned 3,645 shares in the company, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their position. The SEC filing for this sale provides additional information. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Kinsale Capital Group

Several hedge funds have recently bought and sold shares of KNSL. AQR Capital Management LLC lifted its stake in Kinsale Capital Group by 76.2% in the 1st quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 361 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Kinsale Capital Group by 72.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 43 shares in the last quarter. Brown Advisory Inc. lifted its stake in Kinsale Capital Group by 7.9% in the 2nd quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 82 shares in the last quarter. Jump Financial LLC lifted its stake in Kinsale Capital Group by 136.9% in the 2nd quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 634 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Kinsale Capital Group by 45.3% in the 2nd quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock worth $2,430,000 after purchasing an additional 1,566 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

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.