Kinsale Capital Group (NYSE:KNSL) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Kinsale Capital Group (NYSE:KNSL) from a hold rating to a sell rating in a report published on Saturday.

KNSL has been the subject of several other reports. TD Cowen dropped their target price 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. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Kinsale Capital Group in a research note on Tuesday, November 25th. Morgan Stanley decreased their price target on Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and a consensus price target of $483.78.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $354.75 on Friday. The business has a fifty day moving average price of $412.98 and a two-hundred day moving average price of $442.79. The stock has a market capitalization of $8.25 billion, a PE ratio of 17.42, a P/E/G ratio of 1.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group has a fifty-two week low of $349.00 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The company had revenue of $497.51 million for the quarter, compared to analysts’ expectations of $446.00 million. During the same quarter last year, the business earned $4.20 earnings per share. Kinsale Capital Group’s revenue was up 19.0% on a year-over-year basis. As a group, equities analysts predict that Kinsale Capital Group will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.34%.

Hedge Funds Weigh In On Kinsale Capital Group

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC raised its position in Kinsale Capital Group by 11.0% during the 1st quarter. LPL Financial LLC now owns 22,664 shares of the financial services provider’s stock worth $10,720,000 after purchasing an additional 2,249 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Kinsale Capital Group by 5.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 161,170 shares of the financial services provider’s stock valued at $78,443,000 after purchasing an additional 8,725 shares during the period. Deutsche Bank AG raised its holdings in Kinsale Capital Group by 8.0% during the 1st quarter. Deutsche Bank AG now owns 19,151 shares of the financial services provider’s stock worth $9,321,000 after purchasing an additional 1,411 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Kinsale Capital Group by 16.0% in the 1st quarter. National Bank of Canada FI now owns 11,482 shares of the financial services provider’s stock worth $5,580,000 after purchasing an additional 1,583 shares during the period. Finally, Townsquare Capital LLC boosted its stake in shares of Kinsale Capital Group by 89.3% in the 1st quarter. Townsquare Capital LLC now owns 14,717 shares of the financial services provider’s stock valued at $7,163,000 after purchasing an additional 6,941 shares during the last quarter. 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.