Kinsale Capital Group, Inc. $KNSL Shares Purchased by Cresset Asset Management LLC

Cresset Asset Management LLC raised its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 145.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,667 shares of the financial services provider’s stock after purchasing an additional 3,357 shares during the period. Cresset Asset Management LLC’s holdings in Kinsale Capital Group were worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Focus Partners Wealth grew its holdings in Kinsale Capital Group by 52.3% during the 1st quarter. Focus Partners Wealth now owns 18,324 shares of the financial services provider’s stock worth $8,918,000 after acquiring an additional 6,293 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Kinsale Capital Group by 337.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 80,482 shares of the financial services provider’s stock worth $39,171,000 after purchasing an additional 62,088 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kinsale Capital Group by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 164,618 shares of the financial services provider’s stock valued at $79,659,000 after buying an additional 3,448 shares during the last quarter. Inspire Investing LLC increased its holdings in Kinsale Capital Group by 110.2% in the first quarter. Inspire Investing LLC now owns 9,180 shares of the financial services provider’s stock valued at $4,468,000 after buying an additional 4,812 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in Kinsale Capital Group by 2.7% in the second quarter. Congress Asset Management Co. now owns 56,714 shares of the financial services provider’s stock valued at $27,444,000 after buying an additional 1,480 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KNSL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Tuesday, November 25th. TD Cowen decreased their target price 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. dropped 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 research note on Monday, October 27th. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Finally, Cantor Fitzgerald upgraded 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and an average price target of $483.78.

Kinsale Capital Group Stock Down 0.5%

KNSL stock opened at $354.75 on Tuesday. Kinsale Capital Group, Inc. has a 12 month low of $349.00 and a 12 month high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96. The company has a fifty day moving average price of $412.98 and a 200 day moving average price of $442.79.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The business had revenue of $497.51 million during the quarter, compared to analysts’ expectations of $446.00 million. During the same period in the prior year, the company earned $4.20 earnings per share. The business’s revenue was up 19.0% compared to the same quarter last year. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 28th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.34%.

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.