Kinsale Capital Group, Inc. $KNSL Holdings Raised by Focus Partners Wealth

Focus Partners Wealth boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 52.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,324 shares of the financial services provider’s stock after acquiring an additional 6,293 shares during the quarter. Focus Partners Wealth owned about 0.08% of Kinsale Capital Group worth $8,918,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its holdings in shares of Kinsale Capital Group by 46.6% during the 4th quarter. Gotham Asset Management LLC now owns 2,144 shares of the financial services provider’s stock valued at $997,000 after buying an additional 682 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Kinsale Capital Group by 1.2% in the 4th quarter. Nuveen Asset Management LLC now owns 103,497 shares of the financial services provider’s stock valued at $48,140,000 after purchasing an additional 1,265 shares during the period. Nomura Holdings Inc. bought a new stake in Kinsale Capital Group during the fourth quarter worth about $1,366,000. Quantinno Capital Management LP raised its holdings in shares of Kinsale Capital Group by 44.9% in the fourth quarter. Quantinno Capital Management LP now owns 1,366 shares of the financial services provider’s stock valued at $635,000 after buying an additional 423 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Kinsale Capital Group by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 1,035 shares of the financial services provider’s stock valued at $481,000 after buying an additional 71 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 1.0%

Shares of NYSE:KNSL opened at $431.89 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The business’s 50 day simple moving average is $458.95 and its two-hundred day simple moving average is $462.40. The firm has a market cap of $10.06 billion, a P/E ratio of 22.53, a PEG ratio of 1.60 and a beta of 1.13. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79.

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

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.2%. Kinsale Capital Group’s payout ratio is currently 3.55%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KNSL shares. Truist Financial lifted their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Compass Point raised their target price on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, Bank of America initiated coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They issued a “buy” rating and a $543.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and an average target price of $505.80.

Kinsale Capital Group Profile

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.