Charles Schwab Investment Management Inc. Has $78.44 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,170 shares of the financial services provider’s stock after buying an additional 8,725 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of Kinsale Capital Group worth $78,443,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Kinsale Capital Group in the 4th quarter worth about $18,323,000. Barclays PLC increased its holdings in Kinsale Capital Group by 58.2% in the 4th quarter. Barclays PLC now owns 18,629 shares of the financial services provider’s stock worth $8,666,000 after purchasing an additional 6,857 shares in the last quarter. Mariner LLC increased its holdings in Kinsale Capital Group by 3.6% in the 4th quarter. Mariner LLC now owns 3,143 shares of the financial services provider’s stock worth $1,462,000 after purchasing an additional 110 shares in the last quarter. Jump Financial LLC acquired a new position in Kinsale Capital Group in the 4th quarter worth about $3,454,000. Finally, United Capital Financial Advisors LLC increased its holdings in Kinsale Capital Group by 31.4% in the 4th quarter. United Capital Financial Advisors LLC now owns 33,360 shares of the financial services provider’s stock worth $15,517,000 after purchasing an additional 7,969 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Activity at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president owned 6,646 shares in the company, valued at $3,136,912. This represents a 17.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is currently owned by insiders.

Kinsale Capital Group Trading Up 3.3%

NYSE KNSL opened at $451.70 on Thursday. Kinsale Capital Group, Inc. has a 12 month low of $405.00 and a 12 month high of $531.79. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $468.04 and its two-hundred day moving average price is $462.69. The firm has a market capitalization of $10.52 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.12.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, beating the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. The company had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the prior year, the company earned $3.75 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, May 29th. This represents a dividend yield of 15.0%. Kinsale Capital Group’s dividend payout ratio is presently 3.55%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KNSL. JPMorgan Chase & Co. upped their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Compass Point upped their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Truist Financial upped their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, July 28th. BMO Capital Markets upped their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. Finally, Bank of America started coverage on Kinsale Capital Group in a research report on Friday, June 20th. They issued a “buy” rating and a $543.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $505.80.

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.