Ethic Inc. Purchases Shares of 1,113 Kinsale Capital Group, Inc. $KNSL

Ethic Inc. purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,113 shares of the financial services provider’s stock, valued at approximately $527,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of KNSL. Wallace Advisory Group LLC purchased a new stake in Kinsale Capital Group during the second quarter valued at about $296,000. Calamos Wealth Management LLC purchased a new stake in Kinsale Capital Group during the second quarter valued at about $203,000. Salomon & Ludwin LLC lifted its stake in Kinsale Capital Group by 5.0% during the second quarter. Salomon & Ludwin LLC now owns 630 shares of the financial services provider’s stock valued at $298,000 after buying an additional 30 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in Kinsale Capital Group by 3.9% during the second quarter. Koshinski Asset Management Inc. now owns 2,284 shares of the financial services provider’s stock valued at $1,105,000 after buying an additional 86 shares in the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in Kinsale Capital Group during the second quarter valued at about $230,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a research note on Monday. Truist Financial increased their price target on shares of 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 raised shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Compass Point increased their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, Morgan Stanley reduced their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and a consensus price target of $502.13.

Kinsale Capital Group Trading Down 2.8%

NYSE:KNSL opened at $419.70 on Wednesday. The stock’s 50 day moving average price is $445.77 and its 200 day moving average price is $458.64. Kinsale Capital Group, Inc. has a 52 week low of $405.00 and a 52 week high of $531.79. The company has a market capitalization of $9.78 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The firm had revenue of $405.06 million for the quarter, compared to the consensus estimate of $446.00 million. During the same quarter in the prior year, the company posted $4.20 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. Kinsale Capital Group’s payout ratio is 3.34%.

About Kinsale Capital Group

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.