Connor Clark & Lunn Investment Management Ltd. Purchases 1,244 Shares of Kinsale Capital Group, Inc. $KNSL

Connor Clark & Lunn Investment Management Ltd. raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 53.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,556 shares of the financial services provider’s stock after buying an additional 1,244 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Kinsale Capital Group were worth $1,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in Kinsale Capital Group during the first quarter valued at about $31,000. V Square Quantitative Management LLC purchased a new stake in shares of Kinsale Capital Group during the 2nd quarter valued at approximately $31,000. Toth Financial Advisory Corp boosted 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 buying an additional 45 shares during the period. Ancora Advisors LLC purchased a new position in Kinsale Capital Group in the 1st quarter valued at approximately $49,000. Finally, Quarry LP bought a new stake in Kinsale Capital Group during the 1st quarter valued at $55,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $389.55 on Monday. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.46 and a beta of 1.09. The company has a 50-day simple moving average of $429.55 and a two-hundred day simple moving average of $451.65. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12-month low of $382.89 and a 12-month high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, beating 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 company had revenue of $497.51 million during the quarter, compared to analyst estimates of $446.00 million. During the same quarter in the previous year, the company posted $4.20 EPS. Kinsale Capital Group’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be issued a $0.17 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price target on 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. BMO Capital Markets upped their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kinsale Capital Group in a report on Thursday. Finally, Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $495.44.

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.