Zacks Investment Research upgraded shares of Kinsale Capital Group Inc (NASDAQ:KNSL) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $31.00 target price on the stock.

According to Zacks, “Kinsale Capital Group, Inc. is a specialty insurance company. Its commercial lines offerings include construction, small business, professional liability, excess casualty, energy, general casualty, life sciences, allied health, product liability, healthcare, commercial property, management liability, inland marine, environmental, public entity and commercial insurance. The Company also writes homeowners insurance in the personal lines market. Kinsale Capital Group, Inc. is based in Richmond, Virginia. “

Other equities research analysts also recently issued reports about the company. SunTrust Banks Inc. started coverage on Kinsale Capital Group in a report on Monday, August 22nd. They set a buy rating and a $24.00 price objective on the stock. RBC Capital Markets started coverage on Kinsale Capital Group in a report on Monday, August 22nd. They set an outperform rating and a $23.00 price objective on the stock. Royal Bank Of Canada started coverage on Kinsale Capital Group in a report on Monday, August 22nd. They set an outperform rating and a $23.00 price objective on the stock. William Blair started coverage on Kinsale Capital Group in a report on Friday, August 26th. They set an outperform rating on the stock. Finally, JPMorgan Chase & Co. started coverage on Kinsale Capital Group in a report on Monday, August 22nd. They set an overweight rating and a $23.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, Kinsale Capital Group currently has an average rating of Buy and an average price target of $24.80.

Analyst Recommendations for Kinsale Capital Group (NASDAQ:KNSL)

Shares of Kinsale Capital Group (NASDAQ:KNSL) traded down 4.87% during trading on Tuesday, reaching $26.00. The company’s stock had a trading volume of 152,742 shares. The company has a market capitalization of $545.17 million and a P/E ratio of 52.74. Kinsale Capital Group has a 12 month low of $18.00 and a 12 month high of $27.92. The company’s 50-day moving average is $22.97 and its 200-day moving average is $21.46.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 29th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Investment Management LLC bought a new position in Kinsale Capital Group during the third quarter valued at $132,000. Teachers Advisors LLC bought a new position in Kinsale Capital Group during the third quarter valued at $156,000. California Public Employees Retirement System bought a new position in Kinsale Capital Group during the third quarter valued at $202,000. Spark Investment Management LLC bought a new position in Kinsale Capital Group during the third quarter valued at $217,000. Finally, BlackRock Institutional Trust Company N.A. bought a new position in Kinsale Capital Group during the third quarter valued at $271,000.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.

5 Day Chart for NASDAQ:KNSL

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