Shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $422.14.
A number of analysts have weighed in on KNSL shares. StockNews.com initiated coverage on shares of Kinsale Capital Group in a research note on Thursday, October 5th. They set a “hold” rating on the stock. BMO Capital Markets cut their price target on Kinsale Capital Group from $450.00 to $434.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Truist Financial reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Kinsale Capital Group in a research note on Monday, December 4th. Jefferies Financial Group boosted their target price on shares of Kinsale Capital Group from $395.00 to $420.00 in a report on Friday, October 6th. Finally, Royal Bank of Canada dropped their price target on shares of Kinsale Capital Group from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Monday, October 30th.
Kinsale Capital Group Stock Down 0.6 %
Kinsale Capital Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group’s payout ratio is currently 4.79%.
In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 841 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $365.85, for a total transaction of $307,679.85. Following the transaction, the director now directly owns 440 shares in the company, valued at approximately $160,974. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Kinsale Capital Group
A number of institutional investors and hedge funds have recently made changes to their positions in KNSL. Bank of Montreal Can increased its position in shares of Kinsale Capital Group by 5.1% during the first quarter. Bank of Montreal Can now owns 1,663 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 80 shares in the last quarter. Panagora Asset Management Inc. raised its position in Kinsale Capital Group by 119.7% in the 1st quarter. Panagora Asset Management Inc. now owns 3,219 shares of the financial services provider’s stock valued at $734,000 after buying an additional 1,754 shares during the last quarter. Rhumbline Advisers lifted its stake in Kinsale Capital Group by 2.5% during the 1st quarter. Rhumbline Advisers now owns 58,459 shares of the financial services provider’s stock valued at $13,330,000 after acquiring an additional 1,422 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Kinsale Capital Group by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,861 shares of the financial services provider’s stock worth $1,792,000 after acquiring an additional 749 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Kinsale Capital Group by 1.0% in the 1st quarter. BlackRock Inc. now owns 2,301,709 shares of the financial services provider’s stock worth $524,835,000 after acquiring an additional 23,604 shares in the last quarter. Institutional investors own 83.68% of the company’s stock.
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.
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