Kinsale Capital Group (NYSE:KNSL) Reaches New 1-Year Low – Should You Sell?

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $360.65 and last traded at $361.7560, with a volume of 213586 shares. The stock had previously closed at $374.41.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Kinsale Capital Group in a report on Tuesday, November 25th. 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. Royal Bank Of Canada started coverage on shares of Kinsale Capital Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price target for the company. TD Cowen reduced their price objective on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and a consensus target price of $483.78.

Kinsale Capital Group Stock Performance

The company has a market cap of $8.40 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.35 and a beta of 0.96. The firm’s 50 day simple moving average is $416.55 and its 200-day simple moving average is $445.24. 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 (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. The firm had revenue of $497.51 million for the quarter, compared to analyst estimates of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. Kinsale Capital Group’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.20 earnings per share. On average, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 28th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.34%.

Institutional Trading of Kinsale Capital Group

Several large investors have recently added to or reduced their stakes in KNSL. Focus Partners Wealth lifted its position in shares of Kinsale Capital Group by 52.3% during the first quarter. Focus Partners Wealth now owns 18,324 shares of the financial services provider’s stock worth $8,918,000 after purchasing an additional 6,293 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Kinsale Capital Group by 337.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 80,482 shares of the financial services provider’s stock worth $39,171,000 after buying an additional 62,088 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Kinsale Capital Group by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 164,618 shares of the financial services provider’s stock worth $79,659,000 after buying an additional 3,448 shares in the last quarter. Inspire Investing LLC boosted its position in Kinsale Capital Group by 110.2% in the 1st quarter. Inspire Investing LLC now owns 9,180 shares of the financial services provider’s stock valued at $4,468,000 after buying an additional 4,812 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of Kinsale Capital Group by 2.7% in the second quarter. Congress Asset Management Co. now owns 56,714 shares of the financial services provider’s stock worth $27,444,000 after acquiring an additional 1,480 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

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.