State of Alaska Department of Revenue Sells 100 Shares of Kinsale Capital Group, Inc. $KNSL

State of Alaska Department of Revenue lessened its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,491 shares of the financial services provider’s stock after selling 100 shares during the period. State of Alaska Department of Revenue’s holdings in Kinsale Capital Group were worth $1,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KNSL. Key Financial Inc raised its holdings in Kinsale Capital Group by 315.4% in the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Kinsale Capital Group in the 1st quarter worth approximately $31,000. NBC Securities Inc. purchased a new position in Kinsale Capital Group in the 1st quarter worth approximately $35,000. von Borstel & Associates Inc. purchased a new position in Kinsale Capital Group in the 1st quarter worth approximately $42,000. Finally, Toth Financial Advisory Corp raised its holdings in Kinsale Capital Group by 90.0% in the 2nd quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KNSL shares. Weiss Ratings restated a “buy (b-)” rating on shares of Kinsale Capital Group in a report on Saturday, September 27th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. BMO Capital Markets boosted their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a report on Tuesday, July 29th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $505.80.

Kinsale Capital Group Stock Up 5.3%

Shares of KNSL stock opened at $465.89 on Friday. Kinsale Capital Group, Inc. has a 12 month low of $405.00 and a 12 month high of $531.79. The stock has a market cap of $10.86 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.71 and a beta of 1.09. 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 company has a 50 day simple moving average of $442.80 and a two-hundred day simple moving average of $460.78.

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 analysts’ consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The business had revenue of $458.70 million during the quarter, compared to analysts’ expectations of $436.25 million. During the same period in the prior year, the company earned $3.75 earnings per share. The firm’s revenue was up 22.2% on a year-over-year basis. On average, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 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.