Kinsale Capital Group Inc (NASDAQ:KNSL) has been given an average broker rating score of 1.25 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company.
Brokerages have set a 12 month consensus target price of $23.33 for the company and are predicting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given Kinsale Capital Group an industry rank of 194 out of 265 based on the ratings given to related companies.
A number of brokerages have recently weighed in on KNSL. William Blair began coverage on Kinsale Capital Group in a research report on Friday, August 26th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. began coverage on Kinsale Capital Group in a research report on Monday, August 22nd. They set an “overweight” rating and a $23.00 target price on the stock. SunTrust Banks Inc. began coverage on Kinsale Capital Group in a research report on Monday, August 22nd. They set a “buy” rating and a $24.00 target price on the stock. RBC Capital Markets initiated coverage on Kinsale Capital Group in a research report on Monday, August 22nd. They set an “outperform” rating and a $23.00 target price on the stock. Finally, Royal Bank Of Canada initiated coverage on Kinsale Capital Group in a research report on Monday, August 22nd. They issued an “outperform” rating and a $23.00 price target for the company.
Shares of Kinsale Capital Group (NASDAQ:KNSL) opened at 20.96 on Thursday. Kinsale Capital Group has a 12-month low of $18.00 and a 12-month high of $22.93. The firm has a market cap of $439.49 million and a P/E ratio of 14.77. The stock’s 50 day moving average price is $20.91 and its 200-day moving average price is $20.42.
The business also recently declared a special dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.05 dividend. The ex-dividend date was Tuesday, September 13th.
In related news, major shareholder Moelis Capital Partners Opport sold 2,590,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $14.88, for a total value of $38,539,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
About Kinsale Capital Group
Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.
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