Kinsale Capital Group (NYSE:KNSL) Hits New 1-Year Low – Should You Sell?

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $341.06 and last traded at $362.9180, with a volume of 259635 shares trading hands. The stock had previously closed at $401.00.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of analyst reports. Wells Fargo & Company assumed coverage on Kinsale Capital Group in a research note on Thursday, January 15th. They issued an “overweight” rating and a $490.00 price target for the company. Royal Bank Of Canada began coverage on shares of Kinsale Capital Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price objective on the stock. TD Cowen cut their target price on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Cantor Fitzgerald dropped their price objective on Kinsale Capital Group from $470.00 to $422.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus price target of $476.60.

Kinsale Capital Group Stock Down 8.7%

The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.43 and a beta of 0.99. The firm has a 50 day moving average of $394.33 and a 200 day moving average of $416.97. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $5.30 by $0.51. The company had revenue of $483.27 million during the quarter, compared to analyst estimates of $467.66 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. During the same quarter in the previous year, the business posted $4.62 EPS. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th will be given a dividend of $0.25 per share. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, February 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s payout ratio is currently 3.34%.

Kinsale Capital Group announced that its Board of Directors has approved a stock buyback plan on Thursday, December 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the financial services provider to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Kinsale Capital Group

Hedge funds and other institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Kinsale Capital Group in the 4th quarter worth $25,000. eCIO Inc. bought a new position in Kinsale Capital Group in the 4th quarter valued at about $29,000. International Assets Investment Management LLC purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth approximately $29,000. Johnson Financial Group Inc. lifted its holdings in shares of Kinsale Capital Group by 257.1% in the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 54 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Kinsale Capital Group in the third quarter valued at approximately $33,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.