Kinsale Capital Group (NYSE:KNSL) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Kinsale Capital Group (NYSE:KNSL) from a sell rating to a hold rating in a report issued on Sunday morning.

KNSL has been the topic of a number of other reports. Jefferies Financial Group downgraded shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $392.00 to $312.00 in a report on Thursday, March 19th. JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Wells Fargo & Company downgraded shares of Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $420.00 to $357.00 in a report on Monday, April 27th. BMO Capital Markets downgraded shares of Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 target price on the stock. in a report on Wednesday, February 25th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $350.00 target price (down from $450.00) on shares of Kinsale Capital Group in a report on Monday, April 6th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and a consensus price target of $392.00.

Kinsale Capital Group Stock Down 0.0%

NYSE KNSL opened at $311.61 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The company’s 50 day simple moving average is $354.05 and its 200 day simple moving average is $381.43. Kinsale Capital Group has a 12 month low of $308.61 and a 12 month high of $512.76. The company has a market capitalization of $7.19 billion, a P/E ratio of 13.72, a PEG ratio of 1.01 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The business had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period in the previous year, the firm earned $3.71 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts expect that Kinsale Capital Group will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 26th. Kinsale Capital Group’s payout ratio is 4.40%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KNSL. AQR Capital Management LLC increased its position in shares of Kinsale Capital Group by 76.2% in the first quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 361 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kinsale Capital Group by 72.9% in the second quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 43 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Kinsale Capital Group by 7.9% in the second quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock worth $541,000 after acquiring an additional 82 shares in the last quarter. Jump Financial LLC increased its position in shares of Kinsale Capital Group by 136.9% in the second quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 634 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Kinsale Capital Group by 45.3% in the second quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock worth $2,430,000 after acquiring an additional 1,566 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

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.