Kinsale Capital Group, Inc. $KNSL Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,618 shares of the financial services provider’s stock after purchasing an additional 3,448 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.71% of Kinsale Capital Group worth $79,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in Kinsale Capital Group in the second quarter worth $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of Kinsale Capital Group in the 2nd quarter worth about $39,000. Toth Financial Advisory Corp lifted its position 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 valued at $46,000 after purchasing an additional 45 shares during the last quarter. Ancora Advisors LLC acquired a new position in Kinsale Capital Group during the 1st quarter valued at about $49,000. Finally, Quarry LP bought a new position in Kinsale Capital Group in the 1st quarter worth about $55,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kinsale Capital Group in a report on Tuesday. Royal Bank Of Canada assumed coverage on Kinsale Capital Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 target price on the stock. TD Cowen decreased their price target on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Finally, Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average price target of $483.78.

Kinsale Capital Group Stock Up 1.0%

KNSL opened at $384.90 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $8.95 billion, a PE ratio of 18.90, a P/E/G ratio of 1.46 and a beta of 1.09. The stock’s fifty day moving average is $419.59 and its 200-day moving average is $446.86. Kinsale Capital Group, Inc. has a one year low of $363.14 and a one year 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 (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 $497.51 million for the quarter, compared to analyst estimates of $446.00 million. During the same period in the previous year, the company earned $4.20 earnings per share. Kinsale Capital Group’s revenue was up 19.0% compared to the same quarter last year. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 28th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, November 28th. Kinsale Capital Group’s payout ratio is presently 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.