Kinsale Capital Group (NYSE:KNSL) Rating Increased to Hold at Royal Bank Of Canada

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

KNSL has been the topic of a number of other research reports. Compass Point increased their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. TD Cowen dropped their price objective on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Tuesday. Morgan Stanley reduced their target price on Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Finally, Truist Financial upped their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $483.78.

Kinsale Capital Group Stock Down 1.2%

Shares of NYSE:KNSL opened at $381.76 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.46 and a beta of 1.09. The stock’s 50-day moving average price is $421.38 and its two-hundred day moving average price is $447.81. Kinsale Capital Group has a 12-month low of $363.14 and a 12-month high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share 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 business had revenue of $497.51 million for the quarter, compared to analyst estimates of $446.00 million. During the same period in the prior year, the firm posted $4.20 EPS. The company’s revenue was up 19.0% on a year-over-year basis. On average, research analysts forecast that Kinsale Capital Group will post 17.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KNSL. Allianz Asset Management GmbH grew its stake in shares of Kinsale Capital Group by 68.6% in the first quarter. Allianz Asset Management GmbH now owns 2,950 shares of the financial services provider’s stock valued at $1,436,000 after buying an additional 1,200 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Kinsale Capital Group by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 8,625 shares of the financial services provider’s stock worth $4,198,000 after acquiring an additional 589 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kinsale Capital Group by 16.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,739 shares of the financial services provider’s stock valued at $2,307,000 after acquiring an additional 656 shares in the last quarter. LPL Financial LLC grew its position in Kinsale Capital Group by 11.0% in the first quarter. LPL Financial LLC now owns 22,664 shares of the financial services provider’s stock valued at $10,720,000 after acquiring an additional 2,249 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $31,000. Institutional investors and hedge funds 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.