Kinsale Capital Group (NYSE:KNSL – Free Report) had its target price trimmed by Truist Financial from $600.00 to $440.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other brokerages also recently issued reports on KNSL. JPMorgan Chase & Co. raised their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the company a neutral rating in a report on Monday, February 26th. BMO Capital Markets downgraded Kinsale Capital Group from an outperform rating to a market perform rating and boosted their price target for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a research note on Monday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $438.43.
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Kinsale Capital Group Trading Down 1.5 %
NYSE KNSL opened at $373.11 on Monday. The company has a market cap of $8.65 billion, a PE ratio of 24.79 and a beta of 0.98. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group has a 12 month low of $297.33 and a 12 month high of $548.47. The stock has a 50 day moving average of $481.04 and a 200-day moving average of $413.92.
Kinsale Capital Group (NYSE:KNSL – Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.44 EPS. On average, equities research analysts anticipate that Kinsale Capital Group will post 15.03 EPS for the current fiscal year.
Kinsale Capital Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.15 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.60 annualized dividend and a yield of 0.16%. Kinsale Capital Group’s payout ratio is presently 3.99%.
Insiders Place Their Bets
In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the completion of the transaction, the chief operating officer now owns 95,850 shares of the company’s stock, valued at $35,247,879. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the completion of the transaction, the chief operating officer now owns 95,850 shares of the company’s stock, valued at $35,247,879. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the sale, the chief executive officer now owns 303,972 shares in the company, valued at $159,199,255.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,778 shares of company stock valued at $4,532,422. 5.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Kinsale Capital Group
Several hedge funds and other institutional investors have recently made changes to their positions in KNSL. Anchor Investment Management LLC bought a new stake in shares of Kinsale Capital Group during the fourth quarter worth about $25,000. Emerald Advisers LLC bought a new stake in Kinsale Capital Group in the third quarter valued at approximately $33,000. Beacon Capital Management LLC bought a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Brown Brothers Harriman & Co. bought a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Finally, Quarry LP bought a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $40,000. 85.36% of the stock is currently owned by institutional investors.
Kinsale Capital Group Company Profile
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.
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