Kinsale Capital Group (NYSE:KNSL) PT Raised to $530.00

by · The Cerbat Gem

Kinsale Capital Group (NYSE:KNSL – Get Free Report) had its price target upped by research analysts at Truist Financial from $485.00 to $530.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 14.87% from the stock’s current price.

Several other research firms have also weighed in on KNSL. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada upped their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Finally, Oppenheimer began coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating on the stock. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus price target of $438.71.

Check Out Our Latest Analysis on KNSL

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $461.38 on Friday. Kinsale Capital Group has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The stock has a market cap of $10.74 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.02 and a beta of 1.08. The company’s 50-day moving average price is $458.52 and its two-hundred day moving average price is $432.93.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Kinsale Capital Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock worth $700,127,000 after purchasing an additional 30,729 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Kinsale Capital Group by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock worth $281,065,000 after buying an additional 6,331 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Kinsale Capital Group by 14.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock valued at $164,291,000 after acquiring an additional 52,218 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Kinsale Capital Group by 0.4% in the first quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock valued at $173,095,000 after acquiring an additional 1,286 shares during the last quarter. Finally, Riverbridge Partners LLC grew its position in Kinsale Capital Group by 25.4% in the first quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock worth $163,543,000 after acquiring an additional 63,141 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

About Kinsale Capital Group

(Get Free Report)

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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