Kinsale Capital Group’s (KNSL) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Kinsale Capital Group (NYSE:KNSL) in a report published on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has a $500.00 target price on the financial services provider’s stock.

Other analysts have also recently issued research reports about the company. Morgan Stanley dropped their target price on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. BMO Capital Markets raised their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a report on Monday, October 28th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Stock Up 0.4 %

Shares of Kinsale Capital Group stock opened at $442.05 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.63 and a beta of 1.15. The firm’s 50-day moving average is $455.49 and its two-hundred day moving average is $465.68. Kinsale Capital Group has a 1 year low of $355.12 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, research analysts expect that Kinsale Capital Group will post 18.06 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.17 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

Insider Buying and Selling

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the sale, the director now owns 7,348 shares of the company’s stock, valued at $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Institutional Trading of Kinsale Capital Group

Large investors have recently added to or reduced their stakes in the company. Novem Group acquired a new position in Kinsale Capital Group in the 4th quarter worth approximately $778,000. Ashford Capital Management Inc. lifted its stake in Kinsale Capital Group by 0.3% during the 4th quarter. Ashford Capital Management Inc. now owns 40,995 shares of the financial services provider’s stock valued at $19,068,000 after acquiring an additional 130 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kinsale Capital Group by 7.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,240 shares of the financial services provider’s stock valued at $33,601,000 after acquiring an additional 4,986 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Kinsale Capital Group by 23.6% in the fourth quarter. Vident Advisory LLC now owns 534 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 102 shares during the period. Finally, Spyglass Capital Management LLC raised its holdings in shares of Kinsale Capital Group by 35.7% during the fourth quarter. Spyglass Capital Management LLC now owns 119,895 shares of the financial services provider’s stock worth $55,767,000 after purchasing an additional 31,547 shares during the last quarter. 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.