Kinsale Capital Group (NYSE:KNSL) Downgraded to Sell Rating by Wall Street Zen

Kinsale Capital Group (NYSE:KNSL) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

KNSL has been the topic of a number of other research reports. Royal Bank Of Canada started coverage on Kinsale Capital Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price objective on the stock. TD Cowen dropped their price target on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Tuesday, November 25th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Finally, Morgan Stanley cut their price target on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $483.78.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $356.39 on Friday. Kinsale Capital Group has a twelve month low of $352.45 and a twelve month high of $531.79. The firm’s fifty day simple moving average is $414.22 and its 200-day simple moving average is $443.86. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.29 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.

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

Institutional Trading of Kinsale Capital Group

Several large investors have recently bought and sold shares of KNSL. Allworth Financial LP raised its stake in Kinsale Capital Group by 22.6% in the 3rd quarter. Allworth Financial LP now owns 315 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 58 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Kinsale Capital Group during the 3rd quarter valued at $75,000. Swiss Life Asset Management Ltd grew its stake in shares of Kinsale Capital Group by 78.7% in the third quarter. Swiss Life Asset Management Ltd now owns 1,024 shares of the financial services provider’s stock valued at $435,000 after buying an additional 451 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of Kinsale Capital Group in the third quarter valued at $63,000. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 25,428 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

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.