Kinsale Capital Group (NYSE:KNSL) Stock Gets Price Target Increase from Cantor Fitzgerald

Kinsale Capital Group (NYSE:KNSL) had its target price raised by equities researchers at Cantor Fitzgerald from $264.00 to $285.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald‘s target price points to a potential downside of 21.82% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Morgan Stanley reduced their price target on shares of Kinsale Capital Group from $390.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $390.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Wells Fargo & Company dropped their price objective on shares of Kinsale Capital Group from $377.00 to $348.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Finally, Citigroup reissued a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of “Reduce” and a consensus target price of $360.00.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $364.55 on Monday. The company has a market cap of $8.30 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.15 and a beta of 0.88. The firm’s 50 day moving average is $359.77 and its two-hundred day moving average is $342.25. Kinsale Capital Group has a fifty-two week low of $287.20 and a fifty-two week high of $438.74. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $5.70 EPS for the quarter, topping analysts’ consensus estimates of $5.11 by $0.59. Kinsale Capital Group had a return on equity of 25.73% and a net margin of 26.89%. The business had revenue of $454.80 million during the quarter, compared to the consensus estimate of $401.43 million. During the same period in the prior year, the firm posted $5.21 EPS. Analysts expect that Kinsale Capital Group will post 21.17 EPS for the current year.

Institutional Trading of Kinsale Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its position in Kinsale Capital Group by 56.5% during the 3rd quarter. Signaturefd LLC now owns 108 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 39 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Kinsale Capital Group by 296.7% in the third quarter. TD Waterhouse Canada Inc. now owns 119 shares of the financial services provider’s stock valued at $40,000 after buying an additional 89 shares during the last quarter. Parallel Advisors LLC lifted its stake in Kinsale Capital Group by 185.7% in the first quarter. Parallel Advisors LLC now owns 120 shares of the financial services provider’s stock valued at $41,000 after buying an additional 78 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Kinsale Capital Group during the third quarter valued at $53,000. Finally, Western Wealth Management LLC acquired a new position in shares of Kinsale Capital Group during the first quarter valued at $60,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.

Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers’ compensation and other specialty risks.