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

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) have received a consensus recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $476.60.

KNSL has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kinsale Capital Group in a research report on Monday, December 29th. Wells Fargo & Company assumed coverage on shares of Kinsale Capital Group in a report on Thursday, January 15th. They set an “overweight” rating and a $490.00 target price for the company. TD Cowen decreased their target price on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Kinsale Capital Group in a report on Tuesday, December 16th.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $408.25 on Friday. The business’s 50-day moving average is $388.71 and its two-hundred day moving average is $425.56. The company has a market capitalization of $9.50 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.43 and a beta of 1.00. Kinsale Capital Group has a fifty-two week low of $349.00 and a fifty-two week high of $512.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09.

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

Kinsale Capital Group Announces Dividend

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

Kinsale Capital Group declared that its board has authorized a share repurchase program on Thursday, December 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the financial services provider to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Kinsale Capital Group

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in shares of Kinsale Capital Group during the 2nd quarter worth approximately $31,000. eCIO Inc. purchased a new stake in Kinsale Capital Group in the 4th quarter worth $29,000. Johnson Financial Group Inc. increased its holdings in Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 54 shares in the last quarter. Root Financial Partners LLC acquired a new position in Kinsale Capital Group during the third quarter worth $33,000. Finally, Larson Financial Group LLC lifted its holdings in Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

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.