Kinsale Capital Group (NYSE:KNSL) PT Lowered to $390.00

Kinsale Capital Group (NYSE:KNSL) had its price target lowered by analysts at Compass Point from $490.00 to $390.00 in a report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Compass Point’s target price suggests a potential upside of 7.36% from the company’s previous close.

Several other brokerages have also recently commented on KNSL. BMO Capital Markets cut shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and upped their target price for the company from $434.00 to $544.00 in a research report on Wednesday, February 28th. Truist Financial dropped their target price on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. upped their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $425.00 target price (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $438.43.

Kinsale Capital Group Stock Up 1.5 %

NYSE:KNSL opened at $363.25 on Monday. The stock’s fifty day moving average price is $486.01 and its two-hundred day moving average price is $414.46. Kinsale Capital Group has a 52-week low of $297.33 and a 52-week high of $548.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 24.14 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.33 by $0.17. The company had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The business’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.44 EPS. On average, analysts anticipate that Kinsale Capital Group will post 15.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at approximately $159,199,255.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at approximately $159,199,255.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares of the company’s stock, valued at $464,867.83. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Kinsale Capital Group

Large investors have recently modified their holdings of the business. Carnegie Capital Asset Management LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth about $8,002,000. Navellier & Associates Inc. acquired a new position in shares of Kinsale Capital Group during the 3rd quarter worth about $975,000. Scout Investments Inc. boosted its stake in shares of Kinsale Capital Group by 38.0% during the 3rd quarter. Scout Investments Inc. now owns 94,729 shares of the financial services provider’s stock worth $38,780,000 after buying an additional 26,084 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Kinsale Capital Group by 116.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 12,381 shares of the financial services provider’s stock worth $5,127,000 after buying an additional 6,651 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in shares of Kinsale Capital Group by 83.5% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 29,730 shares of the financial services provider’s stock worth $9,957,000 after buying an additional 13,530 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.