Kinsale Capital Group (NYSE:KNSL) Stock Rating Upgraded by Wall Street Zen

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

Several other brokerages also recently commented on KNSL. TD Cowen restated a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday. Cantor Fitzgerald dropped their price target on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Truist Financial cut their price target on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Wells Fargo & Company cut Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $420.00 to $357.00 in a research note on Monday, April 27th. Finally, BMO Capital Markets downgraded Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price objective for the company. in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $374.90.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $308.19 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $320.21 and a two-hundred day moving average price of $358.19. Kinsale Capital Group has a 1-year low of $287.20 and a 1-year high of $512.76. The company has a market cap of $7.11 billion, a P/E ratio of 13.56, a PEG ratio of 1.00 and a beta of 0.91.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million during the quarter, compared to analyst estimates of $410.25 million. During the same period last year, the company posted $3.71 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, analysts anticipate that Kinsale Capital Group will post 20.65 EPS for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Kinsale Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNSL. Vident Advisory LLC increased its stake in shares of Kinsale Capital Group by 2.9% in the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 23 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Kinsale Capital Group by 3.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 867 shares of the financial services provider’s stock valued at $339,000 after buying an additional 28 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Kinsale Capital Group by 20.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock valued at $77,000 after buying an additional 28 shares in the last quarter. Signaturefd LLC boosted its holdings in Kinsale Capital Group by 39.0% in the 4th quarter. Signaturefd LLC now owns 107 shares of the financial services provider’s stock worth $42,000 after buying an additional 30 shares during the period. Finally, CWM LLC boosted its holdings in Kinsale Capital Group by 5.3% in the 4th quarter. CWM LLC now owns 592 shares of the financial services provider’s stock worth $232,000 after buying an additional 30 shares during the period. 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.