Kinsale Capital Group Inc (KNSL) Given $23.33 Consensus Target Price by Brokerages
Shares of Kinsale Capital Group Inc (NASDAQ:KNSL) have earned a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and three have issued a strong buy rating on the company.
Brokerages have set a 12-month consensus price objective of $23.33 for the company and are forecasting 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 194 out of 265 based on the ratings given to related companies.
Several research firms have recently issued reports on KNSL. William Blair began coverage on shares of Kinsale Capital Group in a report on Friday, August 26th. They set an “outperform” rating on the stock. RBC Capital Markets began coverage on shares of Kinsale Capital Group in a report on Monday, August 22nd. They set an “outperform” rating and a $23.00 price objective on the stock. SunTrust Banks Inc. began coverage on shares of Kinsale Capital Group in a report on Monday, August 22nd. They set a “buy” rating and a $24.00 price objective on the stock. Royal Bank Of Canada began coverage on shares of Kinsale Capital Group in a report on Monday, August 22nd. They set an “outperform” rating and a $23.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Kinsale Capital Group in a report on Monday, August 22nd. They set an “overweight” rating and a $23.00 price objective on the stock.
Shares of Kinsale Capital Group (NASDAQ:KNSL) opened at 21.16 on Thursday. The company has a market cap of $443.68 million and a PE ratio of 14.91. The stock’s 50 day moving average is $20.94 and its 200 day moving average is $20.43. Kinsale Capital Group has a 52-week low of $18.00 and a 52-week high of $22.93.
The company also recently announced a special dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.05 dividend. The ex-dividend date was Tuesday, September 13th.
In related news, major shareholder Moelis Capital Partners Opport sold 2,590,000 shares of the company’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 document filed with the SEC, which is available at this link.
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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