GAMMA Investing LLC Purchases 82 Shares of Kinsale Capital Group, Inc. $KNSL

GAMMA Investing LLC boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 717 shares of the financial services provider’s stock after purchasing an additional 82 shares during the quarter. GAMMA Investing LLC’s holdings in Kinsale Capital Group were worth $347,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in Kinsale Capital Group by 10.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider’s stock valued at $1,272,000 after acquiring an additional 254 shares during the period. Bridges Investment Management Inc. raised its stake in Kinsale Capital Group by 111.5% during the 1st quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider’s stock worth $2,446,000 after buying an additional 2,650 shares during the period. M&T Bank Corp grew its position in Kinsale Capital Group by 43.4% in the 1st quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 1,111 shares during the period. Artemis Investment Management LLP lifted its position in Kinsale Capital Group by 43.9% in the 1st quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider’s stock valued at $39,387,000 after acquiring an additional 24,681 shares in the last quarter. Finally, Moody Aldrich Partners LLC bought a new stake in Kinsale Capital Group during the 1st quarter worth approximately $270,000. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Stock Up 1.0%

Shares of Kinsale Capital Group stock opened at $419.40 on Friday. The company’s 50 day moving average price is $447.32 and its 200-day moving average price is $461.31. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. 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 stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.53 and a beta of 1.13.

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

Kinsale Capital Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on KNSL. Truist Financial upped their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Compass Point lifted their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Finally, Bank of America initiated coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They set a “buy” rating and a $543.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.