Public Employees Retirement System of Ohio Raises Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Public Employees Retirement System of Ohio boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,907 shares of the financial services provider’s stock after purchasing an additional 85 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kinsale Capital Group were worth $3,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in Kinsale Capital Group by 11.3% in the second quarter. UMB Bank n.a. now owns 237 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 24 shares during the last quarter. Private Trust Co. NA boosted its holdings in Kinsale Capital Group by 2.1% in the first quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider’s stock valued at $627,000 after purchasing an additional 27 shares during the last quarter. Strategic Advisors LLC boosted its holdings in Kinsale Capital Group by 0.6% in the first quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider’s stock valued at $2,568,000 after purchasing an additional 30 shares during the last quarter. Xponance Inc. boosted its holdings in Kinsale Capital Group by 0.7% in the first quarter. Xponance Inc. now owns 4,496 shares of the financial services provider’s stock valued at $2,188,000 after purchasing an additional 30 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC boosted its holdings in Kinsale Capital Group by 2.6% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several research reports. Bank of America initiated coverage on Kinsale Capital Group in a research report on Friday, June 20th. They issued a “buy” rating and a $543.00 target price for the company. Compass Point lifted 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. Truist Financial lifted their target price on 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 upgraded Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lifted their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $505.80.

Kinsale Capital Group Trading Up 2.0%

Shares of NYSE KNSL opened at $425.21 on Wednesday. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. 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 stock’s 50 day simple moving average is $444.91 and its 200 day simple moving average is $461.02.

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

Kinsale Capital Group Announces Dividend

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

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.