SunTrust Robinson Believes Kinsale Capital Group (NASDAQ: KNSL) Won’t Stop Here

By Carrie Williams

In a report released yesterday, Mark Hughes from SunTrust Robinson reiterated a Buy rating on Kinsale Capital Group (NASDAQ: KNSL), with a price target of $65. The company’s shares closed yesterday at $58.61, close to its 52-week high of $63.38.

According to TipRanks.com, Hughes is a 4-star analyst with an average return of 10.2% and a 66.1% success rate. Hughes covers the Financial sector, focusing on stocks such as American Equity Investment Life, Heritage Insurance Holdings, and Arthur J Gallagher & Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kinsale Capital Group with a $63 average price target, a 7.5% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a $61 price target.

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The company has a one-year high of $63.38 and a one-year low of $34.70. Currently, Kinsale Capital Group has an average volume of 89.26K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.

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Kinsale Capital Group, Inc. operates as a holding company, which engages in the provision of hard-to-place property, casualty and specialty risks. It focuses on the excess and surplus lines market. The company was founded by Michael P. Kehoe on June 3, 2009 and is headquartered in Richmond, VA.