Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) shares traded down 2.6% on Friday . The company traded as low as $247.03 and last traded at $247.03. 1,533 shares were traded during trading, a decline of 99% from the average session volume of 109,460 shares. The stock had previously closed at $253.61.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Compass Point cut shares of Kinsale Capital Group from a "buy" rating to a "neutral" rating and set a $310.00 target price on the stock. in a research note on Monday, August 15th. Truist Financial lifted their target price on shares of Kinsale Capital Group from $270.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, August 1st. Finally, Royal Bank of Canada lifted their target price on shares of Kinsale Capital Group from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Monday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Kinsale Capital Group presently has an average rating of "Hold" and an average price target of $290.00.
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Kinsale Capital Group Stock Performance
The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $5.63 billion, a P/E ratio of 39.47 and a beta of 0.84. The business's fifty day simple moving average is $249.03 and its 200-day simple moving average is $230.62.
Kinsale Capital Group (NYSE:KNSL – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.24. The company had revenue of $178.96 million for the quarter, compared to the consensus estimate of $197.41 million. Kinsale Capital Group had a net
margin of 20.32% and a return on equity of 24.01%. During the same period in the previous year, the firm posted $1.28 EPS. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 7.23 earnings per share for the current fiscal year.
Kinsale Capital Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Monday, August 29th will be issued a $0.13 dividend. The ex-dividend date is Friday, August 26th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.21%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 8.35%.
Insider Transactions at Kinsale Capital Group
In other news, Chairman Robert Lippincott III sold 738 shares of the business's stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $280.93, for a total value of $207,326.34. Following the sale, the chairman now directly owns 10,917 shares in the company, valued at approximately $3,066,912.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Bryan P. Petrucelli sold 5,000 shares of the company's stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $280.22, for a total transaction of $1,401,100.00. Following the transaction, the chief financial officer now directly owns 59,146 shares in the company, valued at approximately $16,573,892.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert Lippincott III sold 738 shares of the company's stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $280.93, for a total transaction of $207,326.34. Following the transaction, the chairman now owns 10,917 shares in the company, valued at $3,066,912.81. The disclosure for this sale can be found here. Insiders have sold a total of 7,988 shares of company stock worth $2,198,361 in the last three months. Insiders own 6.20% of the company's stock.
Hedge Funds Weigh In On Kinsale Capital Group
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Kinsale Capital Group by 1.0% during the 1st quarter. BlackRock Inc. now owns 2,301,709 shares of the financial services provider's stock valued at $524,835,000 after purchasing an additional 23,604 shares during the last quarter. Vanguard Group Inc. grew its holdings in Kinsale Capital Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 2,225,632 shares of the financial services provider's stock valued at $507,488,000 after purchasing an additional 26,965 shares during the last quarter. State Street Corp boosted its position in Kinsale Capital Group by 0.9% in the 2nd quarter. State Street Corp now owns 719,852 shares of the financial services provider's stock valued at $165,307,000 after buying an additional 6,464 shares during the period. Macquarie Group Ltd. boosted its position in Kinsale Capital Group by 33.5% in the 2nd quarter. Macquarie Group Ltd. now owns 446,626 shares of the financial services provider's stock valued at $102,563,000 after buying an additional 112,060 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its position in Kinsale Capital Group by 1.6% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 442,762 shares of the financial services provider's stock valued at $105,329,000 after buying an additional 6,841 shares during the period. 84.37% of the stock is currently owned by institutional investors.
Kinsale Capital Group Company Profile
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Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.
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