Royal Bank Of Canada Upgrades Kinsale Capital Group (NYSE:KNSL) to “Hold”

Kinsale Capital Group (NYSE:KNSL) was upgraded by research analysts at Royal Bank Of Canada to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

KNSL has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Tuesday. Truist Financial raised their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Morgan Stanley decreased their target price on Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. TD Cowen lowered their target price on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Finally, BMO Capital Markets raised their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $483.78.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $381.76 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group has a one year low of $363.14 and a one year high of $531.79. The firm has a market capitalization of $8.88 billion, a P/E ratio of 18.75, a PEG ratio of 1.46 and a beta of 1.09. The company’s fifty day moving average is $421.38 and its two-hundred day moving average is $447.81.

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

Institutional Trading of Kinsale Capital Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC purchased a new position in Kinsale Capital Group in the 1st quarter valued at about $31,000. V Square Quantitative Management LLC acquired a new position in shares of Kinsale Capital Group in the second quarter valued at approximately $31,000. Johnson Financial Group Inc. raised its position in shares of Kinsale Capital Group by 257.1% in the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after buying an additional 54 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Kinsale Capital Group during the third quarter valued at approximately $33,000. Finally, Larson Financial Group LLC boosted its position in Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 54 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.