Kinsale Capital Group (NYSE:KNSL) Price Target Increased to $530.00 by Analysts at Truist Financial

Kinsale Capital Group (NYSE:KNSL) had its price objective upped by Truist Financial from $485.00 to $530.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on KNSL. Wolfe Research cut Kinsale Capital Group from an outperform rating to a peer perform rating in a research report on Monday, September 16th. Royal Bank of Canada increased their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a sector perform rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a neutral rating in a research report on Thursday, July 11th. Finally, Oppenheimer assumed coverage on Kinsale Capital Group in a research report on Friday, July 12th. They issued a market perform rating for the company. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of Hold and an average target price of $438.71.

Kinsale Capital Group Trading Up 2.6 %

NYSE:KNSL opened at $461.38 on Friday. The stock has a fifty day moving average price of $458.52 and a two-hundred day moving average price of $432.39. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.02 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. Kinsale Capital Group has a 1 year low of $325.01 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.23. The firm had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.88 earnings per share. As a group, sell-side analysts anticipate that Kinsale Capital Group will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.99%.

Institutional Trading of Kinsale Capital Group

A number of large investors have recently made changes to their positions in the stock. Paragon Capital Management Inc. boosted its stake in shares of Kinsale Capital Group by 6.8% during the second quarter. Paragon Capital Management Inc. now owns 3,526 shares of the financial services provider’s stock valued at $1,358,000 after acquiring an additional 226 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Kinsale Capital Group during the second quarter valued at $481,000. Cetera Investment Advisers boosted its stake in shares of Kinsale Capital Group by 40.7% during the second quarter. Cetera Investment Advisers now owns 7,064 shares of the financial services provider’s stock valued at $2,722,000 after acquiring an additional 2,043 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Kinsale Capital Group during the second quarter valued at $8,386,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Kinsale Capital Group by 18.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,384 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

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.