Kinsale Capital Group (NYSE:KNSL) Given “Sector Perform” Rating at Royal Bank of Canada

Kinsale Capital Group (NYSE:KNSL)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They currently have a $500.00 target price on the financial services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 13.25% from the company’s previous close.

Several other research firms also recently weighed in on KNSL. JPMorgan Chase & Co. lowered their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. BMO Capital Markets boosted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Truist Financial boosted their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research note on Monday, October 28th. Finally, Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded down $7.84 on Tuesday, hitting $441.50. 307,308 shares of the company traded hands, compared to its average volume of 222,794. The firm’s 50-day simple moving average is $458.10 and its 200 day simple moving average is $465.89. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $10.28 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.82 and a beta of 1.15. Kinsale Capital Group has a 12-month low of $355.12 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. Analysts expect that Kinsale Capital Group will post 15.67 earnings per share for the current fiscal year.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the sale, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the sale, the director now owns 447 shares in the company, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock worth $3,618,954 over the last 90 days. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kinsale Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kinsale Capital Group in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC grew its holdings in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after buying an additional 74 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after buying an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

About Kinsale Capital Group

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.