The Kinsale Capital Group Inc (KNSL) Given $23.33 Average Target Price by Brokerages

The Kinsale Capital Group Inc (KNSL) Given $23.33 Average Target Price by Brokerages

Kinsale Capital Group Inc (NASDAQ:KNSL) has earned an average broker rating score of 1.25 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company.

Analysts have set a 1-year consensus price target of $23.33 for the company and are anticipating that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Kinsale Capital Group an industry rank of 206 out of 265 based on the ratings given to related companies.

KNSL has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Kinsale Capital Group in a research note on Monday, August 22nd. They set an “overweight” rating and a $23.00 price target for the company. Royal Bank Of Canada initiated coverage on Kinsale Capital Group in a research note on Monday, August 22nd. They set an “outperform” rating and a $23.00 price target for the company. SunTrust Banks Inc. initiated coverage on Kinsale Capital Group in a research note on Monday, August 22nd. They set a “buy” rating and a $24.00 price target for the company. William Blair initiated coverage on Kinsale Capital Group in a research note on Friday, August 26th. They set an “outperform” rating for the company. Finally, RBC Capital Markets initiated coverage on Kinsale Capital Group in a research note on Monday, August 22nd. They set an “outperform” rating and a $23.00 price target for the company.

In related news, major shareholder Moelis Capital Partners Opport sold 2,590,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $14.88, for a total value of $38,539,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Several hedge funds and other institutional investors have recently modified their holdings of KNSL. Lebenthal Lisanti Capital Growth LLC bought a new position in shares of Kinsale Capital Group during the third quarter worth $1,074,000. California Public Employees Retirement System bought a new position in shares of Kinsale Capital Group during the third quarter worth $202,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Kinsale Capital Group during the third quarter worth $1,047,000.

Kinsale Capital Group (NASDAQ:KNSL) opened at 22.82 on Tuesday. The stock has a 50 day moving average of $21.63 and a 200 day moving average of $20.86. The stock has a market cap of $478.49 million and a price-to-earnings ratio of 16.08. Kinsale Capital Group has a 1-year low of $18.00 and a 1-year high of $23.28.

The business also recently disclosed a special dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, September 13th.

About Kinsale Capital Group

Kinsale Capital Group, Inc is a specialty insurance company. The Company focuses on the excess and surplus lines (E&S) market in the United States. The Company operates through the Excess and Surplus Lines Insurance segment. The Company markets and sells these insurance products in approximately 50 states and the District of Columbia through a network of independent insurance brokers.

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