Kinsale Capital Group Inc (NASDAQ:KNSL) has received a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $102.00.
Several research analysts have recently weighed in on KNSL shares. ValuEngine downgraded shares of Kinsale Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. BidaskClub upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Monday, November 18th. SunTrust Banks upped their price target on Kinsale Capital Group to $110.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group upped their price target on Kinsale Capital Group to $112.00 and gave the company a “positive” rating in a research report on Thursday, September 26th.
In other news, Director Frederick L. Jr. Russell sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $102.28, for a total transaction of $306,840.00. Following the transaction, the director now owns 1,170 shares in the company, valued at approximately $119,667.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael P. Kehoe sold 10,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $96.60, for a total transaction of $966,000.00. Following the transaction, the chief executive officer now directly owns 357,711 shares in the company, valued at $34,554,882.60. The disclosure for this sale can be found here. Insiders have sold a total of 25,750 shares of company stock valued at $2,545,950 over the last ninety days. Company insiders own 8.30% of the company’s stock.
Shares of KNSL traded down $0.58 during mid-day trading on Thursday, hitting $101.54. The company’s stock had a trading volume of 11,047 shares, compared to its average volume of 439,157. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 56.70 and a beta of 0.44. Kinsale Capital Group has a fifty-two week low of $50.34 and a fifty-two week high of $108.28. The firm has a 50-day moving average price of $99.10 and a 200 day moving average price of $95.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.20 and a quick ratio of 0.20.
Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings results on Friday, November 1st. The financial services provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.02). The company had revenue of $78.33 million during the quarter, compared to analyst estimates of $76.24 million. Kinsale Capital Group had a net margin of 17.83% and a return on equity of 15.68%. As a group, equities analysts anticipate that Kinsale Capital Group will post 2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinsale Capital Group’s payout ratio is currently 17.88%.
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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