Kinsale Capital Group (NYSE:KNSL) Given New $525.00 Price Target at Morgan Stanley

Kinsale Capital Group (NYSE:KNSL) had its price objective raised by Morgan Stanley from $490.00 to $525.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a report on Monday, April 28th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Finally, Truist Financial dropped their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $474.38.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $471.97 on Monday. The company has a market capitalization of $11.00 billion, a PE ratio of 26.53, a P/E/G ratio of 1.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50-day simple moving average of $464.70 and a two-hundred day simple moving average of $462.49. Kinsale Capital Group has a one year low of $366.92 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 earnings per share. Research analysts expect that Kinsale Capital Group will post 17.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Kinsale Capital Group

A number of large investors have recently bought and sold shares of KNSL. Barclays PLC boosted its position in Kinsale Capital Group by 34.4% in the third quarter. Barclays PLC now owns 11,772 shares of the financial services provider’s stock valued at $5,480,000 after buying an additional 3,014 shares during the last quarter. Park Avenue Securities LLC boosted its position in Kinsale Capital Group by 19.1% in the fourth quarter. Park Avenue Securities LLC now owns 2,670 shares of the financial services provider’s stock valued at $1,242,000 after buying an additional 429 shares during the last quarter. HB Wealth Management LLC purchased a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $247,000. Diversify Wealth Management LLC boosted its position in Kinsale Capital Group by 49.3% in the fourth quarter. Diversify Wealth Management LLC now owns 1,048 shares of the financial services provider’s stock valued at $487,000 after buying an additional 346 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Kinsale Capital Group by 67.2% in the fourth quarter. UMB Bank n.a. now owns 102 shares of the financial services provider’s stock valued at $47,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors 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.