Vontobel Holding Ltd. Makes New $243,000 Investment in Kinsale Capital Group, Inc. $KNSL

Vontobel Holding Ltd. bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 502 shares of the financial services provider’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KNSL. Key Financial Inc raised its stake in Kinsale Capital Group by 315.4% during 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 period. N.E.W. Advisory Services LLC bought a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $31,000. V Square Quantitative Management LLC purchased a new position in shares of Kinsale Capital Group in the second quarter valued at $31,000. von Borstel & Associates Inc. purchased a new position in shares of Kinsale Capital Group in the first quarter valued at $42,000. Finally, Toth Financial Advisory Corp grew its holdings in shares of Kinsale Capital Group by 90.0% in the second quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KNSL. Compass Point boosted their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. BMO Capital Markets upped their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 29th. Morgan Stanley reduced their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Finally, Bank of America started coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They set a “buy” rating and a $543.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $506.89.

Kinsale Capital Group Trading Down 2.2%

Shares of NYSE:KNSL opened at $463.36 on Thursday. Kinsale Capital Group, Inc. has a 1 year low of $405.00 and a 1 year high of $531.79. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The business’s 50 day moving average price is $446.67 and its 200-day moving average price is $460.57.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating 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 return on equity of 25.93% and a net margin of 25.92%.The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.75 EPS. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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