Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Has Average Price Target of $357.67

Kinsale Capital Group, Inc. (NYSE:KNSL) has been assigned a consensus rating of “Reduce” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $362.78.

KNSL has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $390.00 to $350.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Wells Fargo & Company reduced their price target on shares of Kinsale Capital Group from $377.00 to $348.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Weiss Ratings raised shares of Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada upped their price objective on shares of Kinsale Capital Group from $375.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Citigroup reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, October 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bamco Inc. NY acquired a new position in Kinsale Capital Group during the second quarter worth $878,600,000. BlackRock Inc. acquired a new position in shares of Kinsale Capital Group during the second quarter valued at about $671,457,000. Bank of America Corp DE acquired a new position in shares of Kinsale Capital Group during the second quarter valued at about $69,470,000. Bank of New York Mellon Corp bought a new stake in shares of Kinsale Capital Group during the second quarter worth about $45,595,000. Finally, Turtle Creek Asset Management Inc. raised its holdings in shares of Kinsale Capital Group by 47.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 411,246 shares of the financial services provider’s stock worth $140,506,000 after acquiring an additional 132,576 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 1.4%

Shares of Kinsale Capital Group stock opened at $363.52 on Friday. Kinsale Capital Group has a one year low of $287.20 and a one year high of $421.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50-day moving average is $358.95 and its 200 day moving average is $352.35. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.10 and a beta of 0.88.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 22nd. The financial services provider reported $5.70 EPS for the quarter, topping the consensus estimate of $5.11 by $0.59. The business had revenue of $454.80 million during the quarter, compared to analysts’ expectations of $401.43 million. Kinsale Capital Group had a return on equity of 25.73% and a net margin of 26.89%. During the same quarter last year, the firm posted $5.21 earnings per share. Equities research analysts anticipate that Kinsale Capital Group will post 21.80 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 28th. Kinsale Capital Group’s payout ratio is presently 4.36%.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.

Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers’ compensation and other specialty risks.