Kinsale Capital Group (NYSE:KNSL) Hits New 1-Year Low – Time to Sell?

Kinsale Capital Group, Inc. (NYSE:KNSL)’s stock price reached a new 52-week low on Thursday . The company traded as low as $360.65 and last traded at $361.7560, with a volume of 213586 shares changing hands. The stock had previously closed at $374.41.

Analyst Ratings Changes

Several research firms recently commented on KNSL. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Royal Bank Of Canada started coverage on Kinsale Capital Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 target price on the stock. Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Finally, TD Cowen dropped their target price on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $483.78.

Kinsale Capital Group Price Performance

The firm has a market capitalization of $8.40 billion, a PE ratio of 17.74, a P/E/G ratio of 1.35 and a beta of 0.96. The firm’s fifty day moving average price is $416.55 and its 200 day moving average price is $445.24. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $0.42. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The firm had revenue of $497.51 million during the quarter, compared to analysts’ expectations of $446.00 million. During the same quarter last year, the company posted $4.20 earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be paid a $0.17 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio is presently 3.34%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KNSL. Epoch Investment Partners Inc. increased its holdings in shares of Kinsale Capital Group by 1.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,174 shares of the financial services provider’s stock valued at $1,052,000 after purchasing an additional 23 shares in the last quarter. Vident Advisory LLC grew its position in Kinsale Capital Group by 2.9% during the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock valued at $399,000 after buying an additional 23 shares during the period. UMB Bank n.a. increased its holdings in Kinsale Capital Group by 11.3% in the second quarter. UMB Bank n.a. now owns 237 shares of the financial services provider’s stock valued at $115,000 after buying an additional 24 shares in the last quarter. Total Clarity Wealth Management Inc. raised its position in shares of Kinsale Capital Group by 3.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 716 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 25 shares during the period. Finally, Portside Wealth Group LLC raised its position in shares of Kinsale Capital Group by 1.4% in the second quarter. Portside Wealth Group LLC now owns 1,860 shares of the financial services provider’s stock worth $900,000 after acquiring an additional 25 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

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.