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

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $483.7778.

Several equities research analysts have recently weighed in on KNSL shares. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their price objective on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a report on Monday, October 27th. TD Cowen reduced their target price on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Morgan Stanley dropped their price target on Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kinsale Capital Group in a report on Tuesday, November 25th.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $374.10 on Thursday. The stock has a market cap of $8.70 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.96. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average of $416.55 and a 200-day moving average of $445.24. Kinsale Capital Group has a 52 week low of $363.14 and a 52 week high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. The business had revenue of $497.51 million during the quarter, compared to analyst estimates of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.20 earnings per share. On average, analysts expect that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Kinsale Capital Group’s payout ratio is 3.34%.

Hedge Funds Weigh In On Kinsale Capital Group

A number of large investors have recently bought and sold shares of KNSL. V Square Quantitative Management LLC acquired a new position in Kinsale Capital Group in the second quarter valued at approximately $31,000. Johnson Financial Group Inc. boosted its position in Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 54 shares during the period. Root Financial Partners LLC acquired a new position in Kinsale Capital Group during the 3rd quarter valued at approximately $33,000. Larson Financial Group LLC grew its stake in Kinsale Capital Group by 225.0% during the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Kinsale Capital Group in the second quarter worth $38,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Company Profile

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.