Shares of Kinsale Capital Group Inc (NASDAQ:KNSL) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company. Six research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $24.80.

KNSL has been the subject of several recent analyst reports. Royal Bank Of Canada initiated coverage on Kinsale Capital Group in a report on Monday, August 22nd. They issued an “outperform” rating and a $23.00 price target for the company. RBC Capital Markets initiated coverage on Kinsale Capital Group in a report on Monday, August 22nd. They issued an “outperform” rating and a $23.00 price target for the company. SunTrust Banks Inc. initiated coverage on Kinsale Capital Group in a report on Monday, August 22nd. They issued a “buy” rating and a $24.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Kinsale Capital Group in a report on Monday, August 22nd. They issued an “overweight” rating and a $23.00 price target for the company. Finally, William Blair initiated coverage on Kinsale Capital Group in a report on Friday, August 26th. They issued an “outperform” rating for the company.

Shares of Kinsale Capital Group (NASDAQ:KNSL) opened at 26.69 on Tuesday. Kinsale Capital Group has a one year low of $18.00 and a one year high of $27.92. The firm has a 50-day moving average price of $23.20 and a 200 day moving average price of $21.59. The stock has a market capitalization of $559.64 million and a PE ratio of 54.14.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.20 annualized dividend and a yield of 0.75%.

Institutional investors have recently modified their holdings of the company. Hood River Capital Management LLC purchased a new position in shares of Kinsale Capital Group during the third quarter valued at about $1,970,000. Teachers Advisors LLC purchased a new position in shares of Kinsale Capital Group during the third quarter valued at about $156,000. BlackRock Investment Management LLC purchased a new position in shares of Kinsale Capital Group during the third quarter valued at about $132,000. Monashee Investment Management LLC purchased a new position in shares of Kinsale Capital Group during the third quarter valued at about $363,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Kinsale Capital Group during the third quarter valued at about $689,000.

About Kinsale Capital Group

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.

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