Truist Financial Boosts Kinsale Capital Group (NYSE:KNSL) Price Target to $525.00

Kinsale Capital Group (NYSE:KNSL) had its price objective raised by research analysts at Truist Financial from $480.00 to $525.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target suggests a potential upside of 18.85% from the stock’s current price.

A number of other research analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Morgan Stanley dropped their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Royal Bank of Canada dropped their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Trading Down 0.1 %

NYSE KNSL opened at $441.72 on Tuesday. Kinsale Capital Group has a 12 month low of $355.12 and a 12 month high of $548.47. The company has a 50-day moving average of $455.49 and a 200-day moving average of $465.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $10.29 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.65 and a beta of 1.15.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. As a group, equities analysts predict that Kinsale Capital Group will post 18.15 earnings per share for the current year.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the transaction, the director now owns 447 shares of the company’s stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock valued at $3,618,954 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinsale Capital Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Novem Group purchased a new position in shares of Kinsale Capital Group during the 4th quarter valued at approximately $778,000. Ashford Capital Management Inc. boosted its stake in shares of Kinsale Capital Group by 0.3% during the 4th quarter. Ashford Capital Management Inc. now owns 40,995 shares of the financial services provider’s stock valued at $19,068,000 after buying an additional 130 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kinsale Capital Group by 7.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,240 shares of the financial services provider’s stock valued at $33,601,000 after buying an additional 4,986 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Kinsale Capital Group by 23.6% during the 4th quarter. Vident Advisory LLC now owns 534 shares of the financial services provider’s stock valued at $248,000 after buying an additional 102 shares during the last quarter. Finally, Spyglass Capital Management LLC lifted its stake in Kinsale Capital Group by 35.7% during the fourth quarter. Spyglass Capital Management LLC now owns 119,895 shares of the financial services provider’s stock worth $55,767,000 after purchasing an additional 31,547 shares during 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.