Geneos Wealth Management Inc. Has $179,000 Holdings in Kinsale Capital Group, Inc. $KNSL

Geneos Wealth Management Inc. lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 24.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 367 shares of the financial services provider’s stock after purchasing an additional 73 shares during the period. Geneos Wealth Management Inc.’s holdings in Kinsale Capital Group were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Belpointe Asset Management LLC grew its holdings in shares of Kinsale Capital Group by 37.3% during the first quarter. Belpointe Asset Management LLC now owns 2,626 shares of the financial services provider’s stock worth $1,278,000 after purchasing an additional 713 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Kinsale Capital Group by 52.3% during the first quarter. Focus Partners Wealth now owns 18,324 shares of the financial services provider’s stock worth $8,918,000 after purchasing an additional 6,293 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Kinsale Capital Group by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,134 shares of the financial services provider’s stock worth $36,082,000 after acquiring an additional 1,894 shares during the period. Vancity Investment Management Ltd acquired a new position in shares of Kinsale Capital Group in the first quarter worth approximately $1,007,000. Finally, Ascent Group LLC lifted its stake in Kinsale Capital Group by 29.0% in the first quarter. Ascent Group LLC now owns 10,470 shares of the financial services provider’s stock valued at $5,096,000 after buying an additional 2,352 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. BMO Capital Markets boosted their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. 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 research report on Monday, July 28th. Bank of America assumed coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a “buy” rating and a $543.00 target price on the stock. Finally, Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $505.80.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $428.79 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79. The firm has a market capitalization of $9.99 billion, a P/E ratio of 22.37, a PEG ratio of 1.56 and a beta of 1.13. The business has a fifty day moving average of $456.85 and a 200 day moving average of $462.35.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (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 business had revenue of $458.70 million during the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the previous year, the company posted $3.75 earnings per share. Kinsale Capital Group’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

Kinsale Capital Group Company 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.